preston on Nostr: The Bureau of Labor and Statistics published a note that CPI weighting is now using ...

The Bureau of Labor and Statistics published a note that CPI weighting is now using different data (starting on 1 January 23). The change is expected to drop inflation by 200 to 300 bps. 🤣

This is a total set-up for them to pause rate hikes and allow global M2 to keep expanding. I suspect this is a very big development in the overall global macro momentum.

Here’s a link to the notice:

https://www.bls.gov/cpi/