Birdwatch Note Rating
2023-12-03 09:43:49 UTC - NOT_HELPFUL
Rated by Participant: 38EAB28A873AEE6FCEA44373382694E9901BD41B4AE8F9BED17F17719D4C0709
Participant Details
Original Note:
Tweet is referring to the PCE index, % change from the preceding month. Inflation is normally assessed annually (12 months) however, & the Fed’s PCE goal is 2%. It is currently 3% A more commonly referenced inflation index is CPI, which shows annual inflation of 3.2% https://www.bea.gov/news/2023/personal-income-and-outlays-october-2023 https://www.forbes.com/advisor/investing/how-to-calculate-inflation/#:~:text=Typically%20expressed%20as%20a%20percentage,power%20of%20consumers%20and%20businesses https://www.bea.gov/data/personal-consumption-expenditures-price-index https://www.federalreserve.gov/faqs/economy_14400.htm https://www.bls.gov/cpi/
All Note Details