They aren't going to fix inflation. They're going to redefine it.

The Bureau of Economic Analysis is quietly reworking how it calculates price increases, in a move expected to lower recent PCE readings. Not lower prices. Lower readings. Headline PCE hit a three-year high of 4.1% in May. Core hit 3.4%. Both sit well above the Fed's sacred 2% target, and neither is coming down on its own. So the measuring stick gets trimmed instead (a former Fed inflation researcher has already conceded the new math should make it easier for them to avoid hiking).

Taylor Kenney explains why a government nearly $40 trillion in debt, spending over a trillion dollars a year just servicing it, has every possible incentive to lie about the one number that sets its borrowing costs. This isn't a statistical revision. It's the Ministry of Truth with a Bloomberg terminal.

Your groceries didn't get cheaper. The scale got adjusted.

How long before the official number and your bank statement stop being on speaking terms entirely?

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