What factors are contributing to the expectation of higher prices in the economy?
Evercore ISI’s Hyman Sees 3% Inflation in 2023, 2024

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How does the surge in rents impact the core CPI and PCE?
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What is the expected inflation rate mentioned in the text, and how does it compare to past rates?
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Discuss the relationship between wages and pricing power as mentioned in the text.
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What does the term 'virtuous cycle' refer to in the context of the current economic situation?
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