We know what’s coming and we are prepared.
Sticky Supercore
When it comes to inflation, we know that the Bureau of Economic Analysis releases two inflation reports, the CPI and PCE, each month. The two differ because they each measure a distinct basket of goods (you can read about the technicals of each here).
These further break down into core (which omits volatile energy and food pricing) and headline inflation, which includes it. So we have headline CPI, core CPI, headline PCE, and core PCE. There are pros and cons to each, but the Fed states its inflation goal in terms of core inflation - specifically core PCE.
There are three (major) components to core PCE: core goods, housing, and core services ex-housing.
The last of which, core services ex-housing (also known as "Supercore" ), comprises 55% of the core PCE inflation index and, in the words of Powell himself, "may be the most important category for understanding the future evolution of core inflation. Because wages make up the largest cost in delivering these services, the labor market holds the key to understanding inflation in this category."
While today's core CPI may have come in as expected, core services ex housing rose for the fifth consecutive month. You cannot think seriously about rate cuts, which would likely rekindle economic activity and spur additional inflation, without consideration for Powell's metric of choice.
“Bondi Hero” Ahmed Al-Ahmed (the man who disarmed the ISIS terrorist in Australia on Sunday) received a phone call from the Foreign Minister of Syria.
During the call, Ahmed asks the Foreign Minister to pass on his “regards” to the new President of Syria, Al-Julani.
Both Al-Julani and Asaad al-Shaibani (the Foreign Minister of Syria) are members of Al Qaeda.
So we allegedly have somebody who sympathizes with terrorist Syrians stopping other terrorists?
Feels like a simulation.
"It does not matter whether this situation reflects planning on the part of a shadowy elite, or is emergent from the decline of your civilization. No matter whom you vote for, or what gloss your preferred candidate puts on these issues, nothing will change until you and enough of the people around you wake up to reality, and launch a campaign of consistent non-compliance with the antihuman trajectory that manipulative elites have set us upon.
It does not matter whether you label the centralizing ambitions of those elites as socialism, communism, technocracy, gobalism or fascism. It doesn’t matter whether you see them as reflecting philanthropic, criminal or satanic motives. The important thing about centralisation is that it absolutely requires censorship and comprehensive obliteration of rights and freedoms to persist, and that it is wholly incompatible with the flourishing of human beings...”
History doesn’t offer much hope. It seems always to have been the case that an ...
FBI Arrested A Fifth Trantifa Militant In NYE Bomb Plot
https://themanhattan.press/2025/12/17/fbi-arrested-a-fifth-trantifa-militant-in-nye-bomb-plot/
