Core CPI in blue overlayed with FED FUNDS RATE.
In the 70s and 80s, FFR spikes (RED BOXES) used to fight Core Inflation (YELLOW BOXES)
RED BOXES > YELLOW BOXES to stop inflation historically.
RED BOX before YELLOW BOX
Pattern changed?
In the 70s and 80s, FFR spikes (RED BOXES) used to fight Core Inflation (YELLOW BOXES)
RED BOXES > YELLOW BOXES to stop inflation historically.
RED BOX before YELLOW BOX
Pattern changed?