Birdwatch Note Rating
2023-12-03 12:23:21 UTC - HELPFUL
Rated by Participant: C00D346ED4DF67D52F818CF39F61EDEB08CEE68A7DBD02476B1CB7011899CC0B
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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/
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