Someone Is Wrong About Inflation. Is It You Or The Fed’s Preferred Gauge?

Someone Is Wrong About Inflation. Is It You Or The Fed’s Preferred Gauge?

"Adding to consumers' concerns about a significant expected drop in income growth, year-ahead inflation expectations rose sharply, putting extra pressure on consumers' abilities to maintain their living standards", Richard Curtin, chief economist for the University of Michigan consumer sentiment survey, said Friday, in the color accompanying the final read for May. Consumers' mood darkened a shade from the preliminary report, as the headline index moved down to 72.3 from the 73.7 initial print.
Every story you need, no story you don't. It's that simple. Get the best daily market and macroeconomic commentary anywhere for less than $7 per month. Subscribe or log in to continue.

2 thoughts on “Someone Is Wrong About Inflation. Is It You Or The Fed’s Preferred Gauge?

  1. CPI is inaccurate during lockdowns. We have all seen the news of “the 90% economy” abroad. What if CPI continues to track the wrong basket under “the new normal?” In that case we’d see low measured inflation and loose policy would exacerbate felt inflation.

    Data-driven! Got to do what the numbers tell us, right?

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints