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@QPollsandnews
I am gonna keep hammering this.

Below is a look at core PCE and Median Weekly Wages. Core PCE is defined as

"In the United States, the Core Personal Consumption Expenditure Price Index provides a measure of the prices paid by people for domestic purchases of goods and services, excluding the prices of food and energy. The core PCE is the Fed's preferred inflation measure. The central bank has a 2 percent target."

Core PCE is indexed against median weekly wages at a quarterly rate. This is one of the best visuals that viscerally indicates what is going on with prices compared to wages.

YoY changes are useful, but they don't do well for long ball analysis.

Blue line = core PCE

Red line = Median Weekly Wage growth

5:28 PM · Aug 18, 2023
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Horizon@horizonspeaks
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54m
Posted yesterday. I see a lot of commentators and economists are trying to obfuscate the true economics by playing around the metrics.