Ummm, yeah, “it’s contained” or whatever.
From the St. Louis Fed Economic Data, month over month percentage change in CPI-U not seasonally adjusted:
![](https://i0.wp.com/johngaltfla.com/wp-content/uploads/2023/02/021423_CPI_U_5YEAR_NSA_FREDjgfla.jpg?resize=800%2C477&ssl=1)
So much for a “pause” or “pivot” because if Powell is that stupid, he’s labelled Arthur Burns 2.0 almost instantly.
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