This Indicator Shows Inflation Is Still Higher Than the Official Figures

[Inside Wall Street with Nomi Prins]( This Indicator Shows Inflation Is Still Higher Than the Official Figures By Nomi Prins, Editor, Inside Wall Street with Nomi Prins 52%… That’s how many Americans said the U.S. is too expensive to live in. The number comes from a USA Today/Suffolk poll. Now, if we listen to the government’s official narrative, we might believe that inflation is cooling. And there’s some truth to that. But if you’re like most Americans in that USA Today poll, you know something isn’t right. I’m here to tell you your suspicions are correct... High prices are actually a lot “stickier” than the government will have you believe. And if you’re finding it harder to make ends meet, you’re not alone. In fact, 72% of middle-income families say their earnings are falling behind their cost of living. That’s up from 68% a year ago, based on a report by Primerica. The good news is, there are steps you can take today to protect your buying power. Let me explain... Recommended Link [WARNING: 110 Banks Preparing for Digital Dollar]( [image]( If you have any money in the U.S. banking system, pay close attention because… Bank of America is warning its clients that ALL checking accounts are likely to be replaced with digital dollars soon. And it’s not just Bank of America. This former VP of a major U.S. investment bank just released [this list with more than 110 banks that are preparing to do the same.]( Is your bank on the list? [Click here to find out.]( -- The Cleveland Fed I recently put my boots on the ground across the American Midwest. I stopped in half a dozen towns and cities – including Cleveland, Ohio. The city is home to the Federal Reserve Bank of Cleveland. Nomi visits the Federal Reserve Bank of Cleveland, built in 1923 This Fed is in a gorgeous, fortress-like building dating back to 1923. And it contains the largest bank vault door in the world. But as much as I love history, I wasn’t there for a tour. It’s the research that goes on inside that building that drew me to travel all the way there from my home in Ojai, California – 2,400 miles away. Recommended Link [Buy in once — Collect payouts 8 times per year...]( [image]( Want to destroy your money worries? Try what Brad Thomas calls... The "Amazon secret royalty program." In short: It's a simple way to collect up to $10,000 (or more) in “royalty” payouts... Starting September 10th... Brad has been collecting “royalties” for years... It helped him change his life... And he’s already shown over 100,000 regular, everyday folks how to get started... Like Neil P., Tom K., and Elaine T., who are already collecting as much as $30,000 in payouts from “royalty programs” just like this...* [In this short video]( Brad reveals how it works... And you could be earning up to $1,000, $5,000, or even $28,544 per year or more starting this September... Click the link below for the free presentation to learn how to get started. [“Yes, Show Me How”]( *Verified reviews. Past performance does not guarantee future results. -- Beyond the Headlines Wall Street uses Cleveland’s research to look beyond the headlines – and to understand real trends. The Cleveland Fed serves the Fourth Federal Reserve District. This district is home to 17 million people. It covers a significant portion of America’s Rust Belt. And besides Cleveland, it represents big cities like Pittsburgh and Cincinnati. The Cleveland Fed regulates the banks in its territory. Some of them have been around since the 1800s – like the National City Bank in the photo below, now owned by PNC. Inside the National City Bank, the oldest bank in Cleveland The Cleveland Fed also supports electronic payments to the financial institutions in its territory. But what makes it so important to Wall Street is the bank’s inflation research. The Cleveland Fed is home to the Center for Inflation Research. The Center publishes a monthly data series on alternative measures of inflation. This series digs beneath aggregate and generalized inflation figures. As a former quant manager on Wall Street, I can tell you this kind of data is crucial. See, Wall Street’s most important asset is information. Paul Tudor Jones, one of the most celebrated hedge fund managers ever, put it best. He said the secret to success is to have an “undying and unquenchable thirst for information and knowledge.” I couldn’t agree more. This brings me back to the Cleveland Fed… and the key role its inflation research plays right now. Recommended Link [“Stock Shock” Hits America October 1st (Prepare Now) – Multimillionaire Trader]( [image]( Over $13 trillion in household wealth has been wiped out… And stocks STILL cost DOUBLE what they did before the 2008 crash… But is the best solution really to just sit in cash? No. Over the last 4-decades, our firm has publicly predicted the fall of the Soviet Union… the Dot-Com collapse… the 2008 crash… Trump’s presidency… and the 2020, 2022, and 2023 crashes. Now, millionaire Jeff Clark is issuing a [new WARNING]( unlike anything we’ve seen in years. A [“Stock Shock” is coming to America]( that could be the worst OR BEST thing for your investments depending how you act BEFORE October 1st. Jeff’s also revealing the [ONE secret to getting ahead of this new shock]( and profiting in any market condition – closing returns of huge gains in only 8 days. [Click Here to See Jeff’s New WARNING.]( -- A More Accurate Inflation Reading The Cleveland Fed examines an important metric called the median CPI. You’re likely familiar with the headline Consumer Price Index (CPI) numbers reported in the media. But the median CPI is different. It measures the one-month inflation rate. It’s often more accurate at forecasting inflation than the more common CPI. That’s because it ignores short-term volatility. Here’s what that means… Let’s say big storms hit the Gulf of Mexico and Texas, and oil prices spike as a result. Oil prices are a big part of the headline CPI numbers. But the median CPI won’t let those temporary price spikes have too great an impact on its results. You can see how the median CPI stacks up compared to the headline CPI numbers in this chart... At the last reading, headline CPI came in at 4.05% for May 2023. But the median CPI reading came in at 6.74%. In April, headline CPI came in at 4.93%. But the median CPI stood at 6.98%. Here’s what this means... Yes, inflation might be cooling. After all, the Federal Reserve has been raising interest rates at the fastest pace since the ‘80s. But the median CPI shows that inflation is still way higher than the Fed’s target rate of 2%. It also shows that Americans are feeling price squeezes much steeper than the official 4% rate. What This Means for Wall Street and Your Money The Cleveland Fed produces one more metric you should pay attention to. It’s called “inflation nowcasting.” And it predicts inflationary measures before all the official data is released. It provides estimates in real time for businesses and policymakers to use. And it’s free for anyone to track [on its website](. All these factors are ways to not only measure inflation but to understand coming trends. For everyday people, these numbers can drive personal and business decisions. As for Wall Street? Watching data from places like the Cleveland Fed helps them avoid certain sectors at times that are too volatile. And it helps them understand the real trends… without getting too lost or caught up in the headlines. Savvy investors can do the same. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins P.S. I learned an important lesson during my 15 years on Wall Street… That is, the smart money always looks beyond the headlines. And right now, there’s a massive story that the mainstream media is missing. By the end of this month, the Fed is set to unleash the foundation of an all-digital dollar. I believe it will mark the end of our money as we know it. The good news is, I found one asset that will help you position yourself on the right side of this historic shift. I put the details in a new video presentation I just released. I’ll also show you my No. 1 gold pick for 2023 and beyond… and three “unprintable” plays to take advantage of the Fed’s next major distortion of the financial system. [Watch it here.]( --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Inside Wall Street Feedback). MAILBAG Are you feeling price squeezes much higher than the official inflation rate? Where are you feeling the highest price increases? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… [Final stage before digital money]( The end is near… Our financial system is about to be transformed in a way that would’ve been unthinkable just a few years ago. And almost nobody is prepared for the chaos that follows. According to Bank of America, this overhaul is imminent – And Dr. Nomi Prins says the final stage begins this month, with the rollout of the FedNow system. To show you everything you need to know about the FedNow system – and to help you prepare – Dr. Prins has recorded a free presentation with all the details. It’s controversial, but Nomi’s interview is a must-watch for anyone with more than $2,500 in an American bank or retirement fund. [Click here to find out what you need to do to prepare for this historic transformation.]( [image]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Rogue Economics welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-681-1765, Mon–Fri, 9am–7pm ET, or email us [here](mailto:memberservices@rogueeconomics.com). © 2023 Rogue Economics. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Rogue Economics. [Privacy Policy]( | [Terms of Use](