May Core CPI came in at 0.2% meeting consensus. May headline CPI, meanwhile, soared to 0.6% vs. the 0.5% consensus.
Fed apologists will profess deep comfort in the 0.2% core–even though even this rate is too high. Meanwhile, woe to any American who has to eat, drive, or live off a fixed income–the value of which is being systematically destroyed.
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