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YoY Core CPI = 3.1%
Up 0.3% in the last 3-months.
In the last 40 YEARS, only once has the Fed CUT rates when core was above 3% AND the 3m chg was >0.3%, Oct 1990 to Mar 1991.
I agree with @EpsilonTheory, the 2% target is now dead.
We are accepting a higher inflation world.
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