by Kris Sayce
The Federal Reserve may need to buy a new dictionary.
Or maybe the press and public should ask more questions when the Fed uses certain words.
Last month, you heard that the 5% inflation rate was “temporary” or “transitory.”
In other words, it wouldn’t last.
Many thought that meant the worst was already over… before the ink was even dry on the Bureau of Labor Statistics’ monthly CPI (Consumer Price Index) report.