By the way, core inflation — the measure you should care about — is still at 4%.

The “Brave Fed Has Vanquished Inflation” fairytale is just that. Notice how when core inflation is up, the media does not mention that. They switch to some other measure. Conversely, when that other measure is rising they then switch to core. And that’s how the narrative is shaped. And most of you just fall for it without a second thought.

Get better minds that less resemble behinds.