Nobel Laureate in Economics, Paul Krugman, during a lecture at the Vigo Global Summit 2023 at the Auditorio Mar de Vigo, on June 27, 2023, in Vigo, Pontevedra, Galicia (Spain). Krugman said the inflation reading of the report, namely the annual rate of the core personal consumption expenditure index, fell from 4.6% in May to 4.1% in June. The metric is the Fed's favorite inflation gauge. JAVIER VAZQUEZ EUROPA PRESS VIA GETTY IMAGES.
On Friday, noted economist, Nobel laureate, and author Paul Krugman tweeted a message that should catch the attention of market participants.
What Happened: “It just got even harder to be an inflation pessimist,” said Krugman. “Price data is continuing to show disinflation,” he added.
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