These types of revisions are why I believe things like the CPI, Unemployment percentage, and GDP numbers, although correct then they are published are misleading and meant to make the public believe something that aren’t necessarily true.
When the public initially hears the numbers, they are led to believe, “oh that isn’t so bad, the economy is doing okay”, only later the revisions point to something completely different.
It is basically the Fed backed into a corner. They have to raise interest rates. And millions of people will suffer because of it.
I believe this is also why we cannot raise the debt ceiling.
We are heading into a brick wall. Soft landing my backside.
It means they are manipulating the figures for political reasons. Notice every revision corrects understated inflation figures. It is always one way. Not a coincidence.