Inflation by end of June 2021?
Description
Economists have warned that Biden's $1.9 trillion stimulus package could boost inflation as well as the economy. Fed chair Jerome Powell disagrees, saying inflation likely will not stay above 2% (https://news.yahoo.com/fed-chair-powell-predicts-inflation-141802205.html).
The Core Personal Consumption Expenditure index (the Fed's preferred measure of inflation) for January 2021 sat at 114.675, up 1.53% from a year prior. Where will it be in June 2021?
Decision Logic
Resolution will be based on Core PCE data from the St. Louis Fed for June 2021:
https://fred.stlouisfed.org/series/PCEPILFE
If it falls exactly on the boundary, it will go in the higher category (e.g. if it is 115.000, the resolution will be 115-115.5).
10:01PM, Mar 10, 2021 UTC
4:00AM, Aug 3, 2021 UTC
2:19PM, Aug 4, 2021 UTC
RESOLVED AT 2:47AM, Aug 6, 2021 UTC
Total Volume: 0.0010
This bet has been resolved!
The outcome was "116.5 or higher (above 2.97%)"
0.001 was split between 1 bettors.
Volume: | 0.0001 |
# of Bets: | 1 |
Volume: | 0.0002 |
# of Bets: | 1 |
Volume: | 0.0003 |
# of Bets: | 2 |
Volume: | 0.0003 |
# of Bets: | 2 |
Volume: | 0.0001 |
# of Bets: | 1 |
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