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Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2022

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Fri Jun 03 17:20:04 +0000 2022

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Paul Krugman @paulkrugman

Three-month rates of change in core and trimmed-mean PCE 2/: https://t.co/5eTwNEUH92 — PolitiTweet.org

Posted June 3, 2022

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Paul Krugman @paulkrugman

Worth noting that measures of underlying inflation have also been drifting downward 1/ — PolitiTweet.org

Jason Furman @jasonfurman

In some absolute sense labor markets are tighter today than they were six months ago but nominal wage growth as mea… https://t.co/zuQYYs2USj

Posted June 3, 2022

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Paul Krugman @paulkrugman

So definitely no sign of wage-price spiral or anything like that; and maybe some indication that the economy isn't as overheated as even I thought. Agree that the Fed needs to gradually hike rates; but it's almost looking as if quite a lot of inflation was ... transitory 3/ — PolitiTweet.org

Posted June 3, 2022