Opinion: The Fed is missing a crucial turning point in its fight against inflation because it believes in flawed data

The Fed can’t see the next potential economic meltdown because it’s still looking in the rear-view mirror, seeing nothing but High inflation. The risk arises because the CPI and PCE – the two most important measures of inflation – have a fatal flaw in the way they measure shelter costs. “ If you get your … Read more

Robert Sarver sells Phoenix Suns and Mercury after harassment report

Phoenix Suns owner and Robert Sarver attend Game Two of the 2021 WNBA Finals at the Footprint Center on October 13, 2021 in Phoenix, Arizona. Christian Petersen | Getty Images Phoenix Suns owner and Mercury owner Robert Sarver said he would begin the process of selling both professional basketball teams after a detailed report on … Read more