The media refuses do it Kevin Drum: On a monthly basis, core PCE inflation was down to 2.0%, which is the Fed’s target rate. Headline inflation was even better, clocking in close to zero. On a year-over-year basis, headline inflation came in at 3.0% and core inflation at 3.5%. POSTSCRIPT: Now that inflation is going down instead of up, I notice that neither the New York Times nor the Washington Post even bothers to report it on their front page. Even the Wall Street Journal mentions it only under a headline about consumer spending slowing down. And we wonder why people don’t seem to know that inflation is way down? I’m very sick of hearing excuses that the reason people say the economy is bad is because they just don’t “feel” it. They do. They’re spending like crazy. The problem is that when people are polled they reflect the conventional wisdom which they get from the media. The right wing media will never tell the truth about this. But there is no excuse for the way the MSM is covering this story. I highly recommend clicking over to Brian Beutler’s newsletter for a thorough analysis of what’s going on with this and how it can be remedied. Here’s a excerpt: I’m not saying you have to believe the economy is good, or that it has necessarily been good for you personally. Just that the economic challenges the country faces today are much less severe than they’ve been in the past, when economic sentiment was somehow better. Across…