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CPI vs. Core CPI (core inflation little changed since 2021) – headline and core inverted in March 2023 and is still not resolved
			
		
CPI: Consumer Purchasing Power (what inflation accomplishes) – observe how the slope has steepened



	
	
			Recessions have arrived just as everyone gave up on it: 

"JPMorgan Chase economists scrapped their call for a #recession in the US, joining a growing number of forecasters who now expect the economy to avert the downturn..." (Bloomberg)

Same thing happened in 2008. pic.twitter.com/YumgOabFFl
— Inkling (@inside_finance) August 4, 2023
 
		
			
		
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