From: pianoforte109@yahoo.com   
      
   On 2/8/24 12:45 PM, ScottW wrote:   
   > Mention the government’s annual revisions to seasonal adjustment   
   > factors for monthly inflation data and you’re likely to make eyes   
   > glaze over, even among hardcore economics nerds. Not this year.   
   >   
   > Economists on Wall Street and in Washington will be tuning in for   
   > this year’s update, due Friday morning, because of what happened a   
   > year ago: The revisions to the consumer price index — typically small   
   > and therefore ignored — were large enough to cast doubt on overall   
   > inflation progress. Last year’s tweaks hit with a bang.   
   >   
   > Initial readings had shown consumer prices excluding food and energy   
   > — an important gauge of inflation’s underlying trend, closely watched   
   > by the Fed — had risen by just 3.1% on an annualized basis in the   
   > final three months of 2022, down from 8% in the same period of 2021.   
   >   
   > That positive signal proved a head fake. After the revisions, the   
   > 3.1% was recalculated at a meaningfully higher 4.3%. And four days   
   > later, core CPI for January came in at an annualized 5.1%. Suddenly   
   > the tone around inflation, and the outlook for rates, had shifted.   
      
   No reason to think that will happen this year.   
      
   > Fast forward a year and Friday’s release is receiving an unusual   
   > amount of attention, even as some economists are trying to tamp down   
   > the drama.   
   >   
   > Bidenomics, nothing but bad drama.   
      
   Inspired by the recent upward revisions of the job creation numbers,   
   surely and a continuing refusal to accept good economic news with a   
   Democrat in the White House.   
      
   It's a miracle we've come out of the pandemic with such a good economy.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)