I remember when 5% unemployment was considered the target. And that we spent around a decade below the 2% inflation target.

The remaining inflation driver has been housing, which is experiencing structural issues, not necessarily what you want to try and fix with interest rates…

It’s wild to me that the current employment and inflation numbers would be some of the best of we had them before 2000 but are being prayed here as recession indicators.

Waiting on the CPI release today…