Policymakers continue to promote public perception of consumer price inflation that is false. During the first five months of 2021, core consumer price inflation, as measured by the Fed's targeted personal consumption deflator, increased at an annual rate of 4.7%. That represents the fastest increase since 1989. Also, there is no base effect in that estimate as it measures consumer price increases since the start of 2021.
The Fed is at "war" with itself. It says one thing when appropriate and helpful for its communication strategy and then ignores it or says the opposite when it isn't consistent with its message or sup
In February, total consumer prices and prices, excluding food and energy, rose 0.4%, resulting in the last twelve-month increases of 3.2% and 3.8%, respectively. The consumer price report is the sole
February's jobs data should eliminate any mention of faulty seasonal factors, making the employment picture look brighter than it is. In February, payroll employment increased by 275,000, with the raw