The “Big Number” (the Consumer Price Index) is out, and once again the major media channels are full of misinformation.
- “September Inflation Shows Price Pressures Persist” – WSJ Headline (Oct 12, 2023)
- “The path to fully wrangling inflation remains long and bumpy.” – NY Times (Oct 12, 2023)
- “US Consumer Prices Rise at Brisk Pace for Second Straight Month.” – Bloomberg (Oct 12, 2023)
- “Prices rose 3.7 percent in September as Fed keeps up inflation fight. Officials still have more work to do to tame consumer prices.” The Washington Post (Oct 12, 2023)
- “Treasury yields rise as elevated inflation keeps Fed rate rise in play.” – Financial Times (Oct 12, 2023)
In fact, inflation has already been brought under control – though you wouldn’t know it from the headlines.
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