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🇺🇸 Treasury dropped core inflation from its scorecard. The timing is convenient.
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🇺🇸 Treasury dropped core inflation from its scorecard. The timing is convenient.

Macro Soup Newsroom Macro Soup Newsroom 2 min read

Building permits fell to 1.363M in March, missing the 1.372M forecast. The bigger story: TBAC quietly stripped core CPI and core PCE from its inflation table, leaving only headline figures that move with energy.

Table of US CPI inflation measures for Q1
Treasury's Q1 CPI headline, food, and energy inflation table from economic report to TBAC. Source Source

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