Fed’s Favorite Lowball Inflation Gauge is Red-Hot, Not Seen in Decades, Even Without the “Base Effect”
by Wolf Richter, Wolf Street: The majestic inflation overshoot has arrived. The Fed’s favorite inflation measure, generally the lowest inflation measure the US government provides — tracking a lot lower than even the Consumer Price Index which already understates actual inflation — and therefore our lowest lowball inflation measure, and therefore the Fed’s favorite inflation measure, was […]
Source: https://www.sgtreport.com/2021/05/feds-favorite-lowball-inflation-gauge-is-red-hot-not-seen-in-decades-even-without-the-base-effect/
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