Bowersock Capital Partners reposted this
Two to three years is a long time for the American consumer to experience inflation, especially when prices at the grocery store are affecting everyday life. We clearly have an economy-wide affordability crisis, including in childcare and housing. As Emily Bowersock Hill discussed last week on Bloomberg with Matthew Miller and Katie Greifeld, however, post-pandemic inflation has subsided to a manageable level, the September inflation report notwithstanding, and is on track to approach the Fed target. Note to Fed haters: from a historical perspective inflation was, in fact, transitory.