2min chapter

The "What is Money?" Show cover image

Forecasting the Moves of The Fed with Barry Habib (WiM282)

The "What is Money?" Show

CHAPTER

The Hedonic Adjustment in the Inflation Report

The arbitrariness of these metrics, it reminds me of CPI when we look at a lot. The hedonic adjustment where they'll basically adjust for the quality of the items that are in the basket of the price changes being measured. That's so much beneath the proverbial surface there with that. It introduces this opportunity for politicians to just kind of manage to whatever the narrative origin there is.

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