WHITE HOUSE HASSET QUOTE: 67 OF 67 ECONOMISTS MISPREGNANT CPI

IN AN INTERVIEW WITH THE CHAIRMAN OF THE WHITE HOUSE COMMITTEE OF ECONOMIC ADVISERS, HASSET, ON 14 JUNE, STATED THAT, WITH REGARD TO THE JUNE CPI REPORT, “67 ECONOMISTS FROM THE BLOOMBERG SURVEY, ALL 67 ECONOMISTS WERE WRONG!” HE STATED THAT THE CPI RING RATIO HAD FALLEN BY 0.4 PER CENT IN JUNE, THE LARGEST MONTHLY DECLINE IN SIX YEARS, THANKS TO MEASURES TAKEN BY UNITED STATES PRESIDENT TRUMP TO CUT COSTS. KIM XIAN