What Unchanged CPI Means for the Fed

The video discusses economic indicators, focusing on wireless services, airline fares, and core services. It highlights the Federal Reserve's attention to these indicators and the ongoing debate on whether inflation is transitory or structural. The video also covers the Federal Reserve's response to inflation, including balance sheet reduction and potential rate hikes.

What are the core services numbers that the Federal Reserve is paying attention to?

How long does the speaker believe it will take to resolve the question of whether the economic factors are transitory or structural?

What distinction does the speaker make between idiosyncratic factors and cyclical price declines?

What was Janet Yellen's stance on inflation during her recent speech, and how did it change?

What are the implications of the inflation numbers on the Federal Reserve's actions regarding balance sheet reduction and rate hikes?