Birdwatch Note Rating
2023-09-01 05:29:01 UTC - HELPFUL
Rated by Participant: 9F311EB0DF7500835201F1A278AD337D4DBC0B89F0AD56645C7ED0D3F2519EBF
Participant Details
Original Note:
The Federal Reserves preferred benchmark for inflation is Personal Consumption Expenditures which was 3.3% in July, 3% in June, and 3.8% in May. The Federals Reserve stated goal is 2% annual inflation. Monthly inflation averages can conceal much higher annual rates. https://www.bea.gov/data/personal-consumption-expenditures-price-index https://fred.stlouisfed.org/series/PCE
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