New York Fed’s Measure of “Inflation Persistence” Nixes Friday’s Idea that YoY PCE Inflation Cooled, Using Same Data

Yves here. One thing Federal officials (or Friends of the Administration who give hot takes on business TV) have taken far too often to doing is refraining from “Just the facts, ma’am” updates to trying to spin the latest set of releases so as to sound better than they are. Often you see Mr.…