Jason Furman, a prominent economist and the former Chair of the Council of Economic Advisers under former President Barack Obama‘s administration, has shared his insights on the current inflation scenario in the U.S. What Happened: Furman provided an analysis of the inflation data for June in a social media post on X on Thursday, suggesting a shift towards the lower end of the underlying inflation range, the Consumer Price Index-based Ecumenical Underlying Inflation measure for June was 2.5%. This figure is the median of 21 different measures, all adjusted to match the Personal Consumption Exp…
