I guess if they are going to re-define violence, and racism, and woman, and recession, they might as well do the same for inflation.
As I understand it the price index for July didn't increase relative to June, so they are calling it zero inflation, despite the fact that traditionally it is reported as year over year value.
I guess if they are going to re-define violence, and racism, and woman, and recession, they might as well do the same for inflation.
As I understand it the price index for July didn't increase relative to June, so they are calling it zero inflation, despite the fact that traditionally it is reported as year over year value.
Yes, we know. It's at 40+year levels...but at least not racing as fast as last month. Kinda like when it stalled out a tiny bit in April...but then roared back so as not to be outdone...
I guess if they are going to re-define violence, and racism, and woman, and recession, they might as well do the same for inflation.
As I understand it the price index for July didn't increase relative to June, so they are calling it zero inflation, despite the fact that traditionally it is reported as year over year value.
IMHO, the Fed is saying that prices were still rising in July, but not as fast as they were rising in June.
Yes, we know. It's at 40+year levels...but at least not racing as fast as last month. Kinda like when it stalled out a tiny bit in April...but then roared back so as not to be outdone...
This is like running your car into the back wall of the garage and claiming "I couldn't have hit anything -- I was slowing down!"