The rigged Consumer Price Index (CPI) inflation numbers were released today.
BREAKING: April CPI inflation rate falls to 3.4%, in-line with expectations of 3.4%.
Core CPI inflation was 3.6%, in-line with expectations of 3.6%.
This marks the 37th consecutive month with inflation above 3%.
Can the Fed really cut rates now?
— The Kobeissi Letter (@KobeissiLetter) May 15, 2024
People are interpreting the data all sorts of different ways and many are interpreting it through a political lens.
Ultimately, none of it matters. These numbers are all rigged and manipulated to mask the severity of the inflation problem. I can assure you that the inflation is many times worse than what these numbers are saying. If it wasn’t a major issue, people would still be able to afford food and housing. They also wouldn’t be relying on credit cards to maintain their standard of living.
