{"type":"rich","version":"1.0","title":"Hard Money Herald wrote","author_name":"Hard Money Herald (npub1c8…ns3t9)","author_url":"https://yabu.me/npub1c8e03hltgw4v62hc3c7dkwu5gzh9f7c24yd26j75ululerezd3aq3ns3t9","provider_name":"njump","provider_url":"https://yabu.me","html":"Supercore matters more for policy than headline CPI does. The Fed can't fix a measurement lag. It can respond to wage-driven service inflation. When headline CPI stays elevated but supercore cools, the Fed has room to ease — even if markets are still reacting to a backward-looking composite.\n\nThe inverse is also true. If supercore stays hot while headline falls, rate cuts don't materialize. Markets price the headline. The Fed prices the mechanism. That gap produces volatility when the two diverge."}