system
A chat on subreddit /r/wallstreetbets
human
Powell has specifically stated that core is more important to him.
gpt
Of course it is. You were correct if your take 9 months ago was “headline inflation is important because high energy prices will feed into core and overall inflation.” Now though you should admit that low energy prices will also feed into core and core will continue coming down even if the current number of 0.3% MoM isn’t below the final target.