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New York Fed data shows underlying inflation pressure acceleration, not slowing
This is an interesting piece from Reuters on a New York Federal Reserve report on an in-house inflation model. This is the Multivariate Core Trend (MCT) model:
- The January MCT reading stood at 4.9%, up from December’s upwardly revised 4.8%, which had initially been reported at 3.7% a month ago.
- The January MCT reading "provides a quite different narrative for the recent dynamics of inflation persistence relative to what we had prior to the new release," New York Fed econo... Read More
Content Topics
York
Data
Shows
Underlying
Inflation
Pressure
Acceleration
Acceleration
Slowing
Forex
Posted: Mar 9 2023, 23:28
Author Name: forexlive
Views: 110511