Component Wedge Decomposition
Baseline: 3.30% Core → 3.70% Headline
Decomposing the 40 bps spread created by volatile non-core impulse categories.
Monetary Policy Rule Tracker
Target Neutral r* = 2.50% | Target π* = 2.00%
Stance Verdict: Restrictive / Cautious Easing Horizon. Core PCE at 3.30% prevents immediate accelerated Fed cutting cycle.
| Policy Framework | Prescribed Rate | Gap to Current (5.25%) | Crypto Liquidity Bias |
|---|
* Taylor 1993: R = r* + π + 0.5(π - π*) + 0.5(y_gap).
* Taylor 1999: R = r* + π + 0.5(π - π*) + 1.0(y_gap).
* Taylor 1999: R = r* + π + 0.5(π - π*) + 1.0(y_gap).