Fed’s Preferred Inflation Gauge Cooled Notably in November A key inflation measure has been slowing and overall prices actually declined slightly from October, good news for officials and consumers.

Another headline saying inflation’s cooling down. Meanwhile, my grocery bill seems to be in a heated argument with that claim. If this is ‘cooling’, I’d hate to see what ‘hot’ looks like. #InflationIllusion #WalletWoes

www.nytimes.com/2023/12/22/b...