US Unconventional CPI - 2025-06-10

Confirmation bias is an awesome force in the universe. Will the Fed have the clarity to look at all these alternate indices, many of which they themselves create, and see that the tariffs -- which have already doubled year-to-date customs tax collections versus last year -- have had no discernible effect at all on the overall price level? We'll find out just how blind they are -- or not -- at next week's critical FOMC.