Headline Inflation of 8.5% for March Is Probably Too Low
As I'm sure you all know by now, headline inflation rate for March came in at 8.5% resulting in predictable corporate media coverage. CNBC gives us a pretty representative take, making sure to interview only experts who want to downplay the significance and talk up how "core" inflation might have peaked.
Me, I just saw this and wondered WTAF:
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