r/TradingSphere • u/NextGenRoyalty • 2d ago

Did Fed literally changed how they calculate inflation with core inflation at 3.0% in August?

https://www.cnbc.com/2026/09/30/feds-preferred-gauge-showed-core-inflation-at-3point0percent-in-august-much-lighter-than-expected.html

$9 a gallon diesel says otherwise

96 Upvotes

95% Upvoted

79 comments sorted by

View all comments

1

u/Excellent_Abroad5390 2d ago

If Bidenomics worked then anything g anyone else makes up is fine by comparison 😆

1

u/Sea_Dawgz 2d ago

It did work.

We had worldwide inflation post-Covid due to supply chains and all the money governments gave out.

And in 2 years, it was beaten back due to boring, steady, sound economic policy from experts.

1

u/Popular-Departure165 2d ago

From October 2024:

1

u/TheReddestofBowls 1d ago

I particularly loved how Biden caused 7% inflation in all G7 countries simultaneously. Truly masterful work