Birdwatch Note Rating
2023-12-23 15:38:29 UTC - HELPFUL
Rated by Participant: FE39BB89AF132B7F51313505FE1C488DC990E722F8891E35F65F1CD0EA32CBE0
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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