CoinGape and CryptoBriefing both cover Treasury's doubled debt buybacks and Fed tension but report different current inflation figures for the same period.
What all sources agree on
- Treasury doubled the size of long-term debt buybacks for securities with maturities between 10 and 30 years to $4 billion per operation.
- The Fed's inflation target is 2%.
- There is tension between the Treasury's buyback program and Fed policy under Kevin Warsh.
Where the reports disagree
1Current U.S. inflation rate
Annual U.S. inflation eased to 3.4% in July from 4.2% in May but remained above the central bank's target.
With inflation currently at 4.2%, significantly above the Federal Reserve's 2% target, cheaper long-term financing encourages more borrowing by corporations, governments, and consumers.
What would settle it: The Bureau of Labor Statistics' official Consumer Price Index release for the relevant month.
What to make of it
Treat the $4 billion buyback figure and the existence of Fed-Treasury policy tension as established; do not rely on either outlet's stated inflation percentage until checked against the BLS's official CPI data for the period in question.
Treat the $4 billion buyback figure and the existence of Fed-Treasury policy tension as established; do not rely on either outlet's stated inflation percentage until checked against the BLS's official CPI data for the period in question.