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0 sats \ 1 reply \ @fd055dcc2f 10 Sep \ on: US wholesale prices declined unexpectedly in August econ
funny how people in the West trust statistics. doesn't matter that the state changes numbers post factum (-1 mln new jobs news today), or the prices in the stores you see don't reflect the official inflation numbers.
people in the East learned that the hard way long ago
PS you'll see numbers are slightly "corrected" to make Fed do one thing or another
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0 sats \ 0 replies \ @nichro 10 Sep
I can see these corrections can serve to make inflation look better and jobs look worse than expected, therefore allowing the Fed to cut rates without looking like they are caving to Trump, but simply being diligent with what the cold hard data tells em
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