McCulla's inflation nowcast model predicted inflation would rise from 4% to 8-9% when the Fed was calling it transitory, demonstrating that accurate models contradicted Fed guidance, proving the problem was not model failure but willful ignorance of available data.

factualpending

Speaker

Keith McCulla

Evidence Quote

our inflation nowcast said it was going to go from 4 to 8 and it went to nine

Source

Hedgeye Investing Summit Fall 2024 | Daniel Lacalle, Chief Economist at TressisHedgeye
Created: 8/12/2026, 6:00:34 PM

My Notes

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