Yeah, you heard that right. The Bureau of Labor Statistics has an announcement on their site saying, " Starting in January 2022, weights for the Consumer Price Index will be calculated based on consumer expenditure data from 2019-2020. The BLS considered interventions, but decided to maintain normal procedures. " They are changing their weighting. Does this raise...
Idea for Macro:
- Just as the Fed shifts their narrative from "transitory" to "persistent" inflation...
- November saw crude oil with a 6 sigma move to the downside. Oil is inflation.
- Eurodollar futures curve inverted from 2024-2026.
Next CPI print will be a bewildering miss, and by January's (December) print, the deflationary fears will start to settle, but...