The tweet was deleted by the author.
But we saved everything 🙂.
Mike Konczal discussed reactions to data presented by Greg Ip and referenced additional insights from Claude chats. He shared that experts who focus on these topics believe the overall number in Table 1 feels high.
The tweet did not specify the exact number or provide further context beyond signaling skepticism from those closely following the details.
Such scrutiny over the reliability of economic metrics is consistent with ongoing debates regarding the classification of market-based core non-housing PCE services, as highlighted in recent discussion. Furthermore, the focus on how specific measures inform broader policy decisions aligns with earlier analyses of the Federal Reserve’s shift from CPI to PCE for key economic reporting beginning in 2000.