It's just not credible for the Fed to claim to have a 2% inflation target when it's been 53 months above target and moving higher & they shift to further easing.

Truflation has been arguing that inflation is a non-problem and calling for the Fed to cut rates (below). But their latest readings are flashing a yellow to red flag on inflation. August 4th is labeled. It was 1.65%. Today it is 2.31%, a considerable increase of 0.66% in less than a month. And, as the red line shows, it is at its highest level since February, BEFORE Liberation Day. Finally, the Red Arrows note that on the first day of the month, Truflation revises this index DOWN sharply. This is why I don't look at the level of the index, but rather at the rate of change. It has been dramatically higher this entire month, reaching a 7-month high and overcoming the significant downward revision on August 1st. Will Truflation now change its call for the Fed to cut because inflation is not a problem? Or will they post another massive downward revision tomorrow (Sept 1st), without an explanation, and continue to call for cuts?