system
A chat on subreddit /r/wallstreetbets
human
'Still'. Last three months is 3.1% annualized, and Fed looks at core PCE which is like half a percentage lower than core CPI typically.

.3 is a fine number
gpt
They want to defeat *expectations* of inflation, not actual inflation.  If people still think inflation is occurring it becomes self-fulfilling and actually does occur.  IMO they haven’t come close to that.  They need a volcker style knockout or that shit is going to come roaring back 70s style.