Jason Furman passes along the news that updated seasonal adjustments have been applied to the inflation rate. "Some of that inflation slowdown that people (including me) were excited about might have just been a seasonal adjustment quirk." Let's take a look: Using the previous seasonal adjustments, core CPI in December was at 3.4% on a ...continue reading "Core CPI gets a facelift for the new year"
Five Years Ago This week in 2018, the FCC was patting itself on the back for a historically stupid year, while it issued a report falsely claiming that killing net neutrality helped broadband competition, just as New Jersey became the latest state to protect net neutrality by executive order. Meanwhile, Hollywood was pushing some wild […]