A big person who knows a lot about money said that prices going up is not a big deal, because there are some things wrong with how we measure it. He thinks the people in charge will fix these mistakes and everything will be okay. But some other people don't believe him and they are worried about prices going up too much. This made some parts of the money world go down today. Read from source...

- The title of the article is misleading and sensationalist, implying that inflation is not a serious issue despite the CPI increase. It also suggests that the CME economist's opinion is authoritative and credible, while ignoring other perspectives or data sources that may contradict his view.
- The article relies heavily on quotations from Putnam, who has a vested interest in downplaying inflation as he runs an ETF that tracks the S&P 500 index. His interpretation of the CPI data is subjective and questionable, as he tries to discredit the OER measure without providing solid evidence or alternative methods.
- The article does not provide enough context or background information about the causes and consequences of inflation, nor does it explain how the Fed's target rate of 2% is derived or why it matters for the economy. It also fails to mention other indicators of inflation, such as the PCE price index, that may show a different picture than the CPI data.
- The article uses emotional language and vague terms, such as "hiccup", "well under control", "shakes markets", to evoke negative or positive reactions from the readers, rather than presenting a balanced and objective analysis of the situation. It also exaggerates the impact of the CPI increase on the market performance, implying that it is the sole reason for the decline in major indices, while ignoring other factors that may be more significant or relevant.