Podcast topics
CPI vs core and supercore
Supercore says something wrong
Fed is *not* controlling inflation
Bond behavior during rate cuts
Understanding CPI, Core, and Supercore: A Reality Check
Headline CPI: Garbage, but Still Useful
The latest CPI print came in slightly warm, yet not enough to cause concern. CPI as a measure is flawed, but it remains the only updated official inflation gauge available. Month-to-month changes, even in a flawed metric, reveal trends. Garbage compared to garbage still shows direction.
