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They Can't Hide It Anymore
There is a tendency to conflate the behavior of consumer prices with the condition of the economy. With the current mania over recent CPIs in full bloom, fears extend into the real economy. Is it really "too hot?" Recent data from the Federal Reserve itself actually helps separate the facts from the misperceptions.
Eurodollar University's conversations w/Steve Van Metre
Beige Book April 2024
https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20240417.pdf
https://www.eurodollar.university
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.