This in part explains why core inflation remains muted, even with the recent commodity spike.
Source: Federal Reserve / BLS
Still Too Much Capacity
The below chart shows that capacity utilization in the system is slowly recovering, but remains remain very low.
This in part explains why core inflation remains muted, even with the recent commodity spike.
Source: Federal Reserve / BLS
This in part explains why core inflation remains muted, even with the recent commodity spike.
Source: Federal Reserve / BLS
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