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New York Fed data shows underlying inflation pressure acceleration, not slowing

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
Posted: Mar 9 2023, 23:28
Author Name: forexlive
Views: 110511

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