Chamath @ 01:44:22Wrong
economy
By February or March 2024, the year-over-year U.S. CPI inflation rate will be in the low-2% range, around approximately 2.2%.
the consensus forecast is you're going to see CPI with a low 2% handle. By February or March of this year. So you're going to see 2.2% CPI or something.
Explanation
Chamath predicted that by February or March 2024, the year-over-year U.S. CPI inflation rate would be in the low‑2% range, around 2.2%. In reality, official Bureau of Labor Statistics data show headline CPI was 3.2% year-over-year in February 2024 and 3.5% in March 2024—about a full percentage point above his forecast and still well above the Fed’s 2% target. (bls.gov) Therefore, the prediction was wrong.