yup here's an easy forecast :
from now till whenever
secular PPI is not to be minimized even if stabilized
it might even go up to say 3% or 4%
opportunistic cyclical contraction triggered inflation rate reductions
will no longer become the new target number
secular rate reductions are over
targets will now have memory de facto
and some bursts of higher PPI will get built into policy reaction functions
this is not to say PPI policy has arrived at full debt load control
with cyclical bouts of serious financial "repression"
but knee jerk full court " PPI is a sin " ?
those days are over ...for now
