U.S. inflation may not be so bad, pre-World War II data suggests

Shoppers at a Grocery Outlet store in San Francisco on June 20, 2019. David Paul Morris/Bloomberg The failure of forecasters to foresee the surge in inflation coming out of the pandemic has led many to question the efficacy of the macroeconomic models they use to try to understand what’s going on in the economy. But maybe the problem is not the models per se, but the data that’s fed into them. Traditionally it’s covered economic... + full article