Birdwatch Note Rating
2023-07-27 13:06:40 UTC - HELPFUL
Rated by Participant: A8D5D08279EED1EE22E694AA5ECEE22681DD84EB797ECC35E8ECDD0116DA43B0
Participant Details
Original Note:
1) The inflation target is 2%. 2) Inflation hadn't reached 3% since 2011 before this stretch. 3) Inflation was 1.4% on 1/2021. 4) Inflation is cumulative. Prices are 16.6% higher under Biden. (This century's next high over the same POTUS timeframe: Obama at 6.9%). https://www.federalreserve.gov/faqs/economy_14400.htm, https://www.usinflationcalculator.com/inflation/current-inflation-rates/#:~:text=Annual%20Inflation%20Rates, https://beta.bls.gov/dataViewer/view/timeseries/CUSR0000SA0, https://data.bls.gov/cgi-bin/cpicalc.pl
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