🚨 CORE CPI HAS ALMOST DROPPED TO A 5-YEAR LOW
And this shows that Powell is wrong about the economy.
Today, the US CPI came in at 2.4%, its lowest level in 9 months.
Meanwhile, Core CPI has dropped to 2.5%, its lowest level since March 2021.
This is a clear sign that inflation is now in a downtrend, which is the exact opposite of what the Fed has been saying.
For months, Powell has consistently said that tariff inflation will pick up, but it has been trending down since Q3 2025.
If talking about Core CPI, which is the Fed's favorite inflation tool, it's showing that the economy is heading towards deflation and not inflation.
This means Powell has been wrong about inflation picking up and has committed a policy mistake.
It'll be interesting to see how much it'll cost the US economy, which is already showing signs of slowing down.
