When the data don't tell you what you want to hear, you have to listen. I was a lot more optimistic about near-term inflation at 8:29 than I am now https://twitter.com/jasonfurman/status/1598672792131489792
Jason Furman on Twitter

“The biggest news in this release is large upward revisions in wage growth for September and October and a big number for November. This is the second time this year we've seen AHE revisions like this dashing the hopes that maybe nominal wages growth was cooling.”

Twitter
@pkrugman please join Tribel. It’s far easier than Mastodon. I miss your tweets.