What to know about inflation right now

This podcast episode explores the perception versus reality of the US economy, focusing on the topic of inflation. It highlights the disconnect between people's impression of high inflation and the actual numbers from the Bureau of Labor Statistics. The episode discusses the challenges in stabilizing price growth and the ripple effects of major shocks to the economy. It also delves into the emotional aspect of the economy and how people's perceptions and experiences of inflation shape their overall views on the state of the economy. The impact of inflation on voter opinions and its significance in the 2024 election are mentioned. Additionally, the episode explores the reasons behind the rebound in the economy, the impact of interest rates, and the challenges of reading the economy and inflation data in real time. Overall, it emphasizes the complex dynamics between economic metrics, people's feelings about the economy, and the role of inflation in shaping public sentiment.