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The Bureau of Labor Statistics reported an increase in unemployment, up to 4.2%. But it's the revisions from earlier this summer that will make economists particularly nervous.

Vault: Useless, useless CPI

The Bureau of Labor Statistics released the consumer price index for February this morning, a document worth less than the paper it was printed on, thanks to the war in Iran. 

Yes, we’re being a smidge dramatic. But the inflation figures contained herein – a 2.4% increase in the preceding 12 months – should be understood as a time capsule.  

If you’re the Federal Reserve looking for answers about the trajectory of inflation as conflict in the Middle East continues, you’re still flying blind.

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Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Presented by Cencora

From accelerating innovation to powering the pharmaceutical supply chain, we reduce barriers to expand access to medications for millions of Americans at sites of care in their communities. Learn more

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