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Mike Konczal

@mtkonczal

Special Assistant to the President, National Economic Council. Former macro, @RooseveltInst. Liberal. #Rstats fan. Dad. Chicago guy. Personal account.

calendar_today17-06-2009 21:56:28

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Mike Konczal
@mtkonczal

5 months ago

A great number.

Pay particular attention to the 6-month trend, which Powell had emphasized was stuck throughout 2022. At the beginning of this year, the 6-month core CPI reading was 5.3 percent; it's now 3.2 percent, even as the economy added 1.9 million jobs.

Let's dig in. /1

A great number. Pay particular attention to the 6-month trend, which Powell had emphasized was stuck throughout 2022. At the beginning of this year, the 6-month core CPI reading was 5.3 percent; it's now 3.2 percent, even as the economy added 1.9 million jobs. Let's dig in. /1
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