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Paul Krugman
pkrugman.bsky.social
did:plc:vl7iw2awdpm72srjve3f4fj2
A nerdy gripe while waiting for BEA: I still have analysts in my inbox saying "core inflation is still 4 percent". Um, that's a one-year figure; the past 6 months is only 2.9 percent. And a lot of that is lagged housing rents. Anyone who says "4 percent" is basically signaling being out of touch.
2023-12-22T12:57:26.104Z