Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 26, 2022

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Sun Jul 24 16:03:11 +0000 2022

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Paul Krugman @paulkrugman

Which is why medium-term market expectations for the CPI are basically consistent with the Fed's 2 percent target for the PCE 3/ https://t.co/WiL6ByMQEd — PolitiTweet.org

Posted July 24, 2022

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Paul Krugman @paulkrugman

The thing is, we already have other data covering the same period that try to measure the same things. But lately different measures have been telling different stories. Most dramatic: PCE deflator normally runs a bit below the consumer price index 2/ — PolitiTweet.org

Posted July 24, 2022

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Paul Krugman @paulkrugman

But lately the divergence between the two has exploded 4/ https://t.co/u0DIuQyvMk — PolitiTweet.org

Posted July 24, 2022