Inflation is sending us to the MOON.

The government wants you to believe inflation is stabilizing at 2.7%.

Today, the real-time data called their bluff.

Truflation’s index has plummeted to 1.55%, revealing a massive 115-basis-point divergence from official BLS figures.

While the government relies on lagging surveys, the Material Ledger of 18 million daily data points shows that housing and food are cooling much faster than the Fed admits.

The Policy Gap: Anthony Pompliano is sounding the alarm, arguing the Fed has overshot and is now strangling the economy.

The Fed's Blind Spot: Officials are sticking to a measured path, eyeing only one more tiny cut for 2026 despite the plunge in on-chain data.

The Reality Check: Lagging government metrics like Owner’s Equivalent Rent are masking a sharp disinflationary trend in the actual economy.

The government reports the past. The ledger reports the present.