Birdwatch Note Rating
2023-12-23 14:39:25 UTC - NOT_HELPFUL
Rated by Participant: 1AE16E3ACF49FBC391E43F54393AFCFF9998DF08362B12EDA4A00A223D24FEE4
Participant Details
Original Note:
Post promotes a calculation based on six months of core PCE data mathematically projected to 12. The measured 12-month rate is 3.2%. It was less than 2% annually pre-pandemic. Note: Fed watches core PCE primarily to set rates, but it doesn’t include food and energy. https://www.cnbc.com/2023/12/22/pce-inflation-november-2023-.html https://www.bea.gov/data/personal-consumption-expenditures-price-index-excluding-food-and-energy https://tradingeconomics.com/united-states/core-pce-price-index-annual-change
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