Transitory inflation (due to everyone buying used cars all at once) doesn't mean any of those will actually go up for you in the future even if they're higher right now.
That's nice, but the Fed is saying this is not transitional. Not to mention, if the items come down then that would be reflected in future inflation/deflation metrics and wages those years would be adjusted accordingly.
Yes, that’s because you defeat transitory inflation by saying negative things like “it’s no longer transitory”, or saying you’ll raise interest rates but not actually doing it. It’s an anti-fulfilling prophecy.
Why do you care about salary anyway? Gotta get more stock compensation.
