Home News The Fed’s Whipped Inflation!

The Fed’s Whipped Inflation!

June 13, 2024

Touch off the rockets! Light the sparklers! Raise a joyous toast!

That is because May’s inflation data came issuing this morning. And it disappointed expectations — or rather exceeded expectations.

A Dow Jones survey of economists had divined a 3.4% inflation rate. Yet the United States Department of Labor reported a mere 3.3% inflation rate.

We can only assume you are as gleeful as us. Media outlets are. They appear to believe it represents a triumph.

Does it? We are far from convinced that it truly represents a triumph. CNBC:

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