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New York Federal Reserve 'core' inflation data 2.9% in September (prior 2.6%)

New York Federal Reserve 'core' inflation data 2.9% in September (prior 2.6%)
The New York branch of the Federal Reserve released its Multivariate Core Trend (MCT) inflation measure on Tuesday ICYMI.The main points highlighted by the Fed:Multivariate Core Trend (MCT) inflation was 2.9 percent in September, a 0.3 percentage point increase from August (which was revised up from 2.5 percent). The 68 percent probability band is (2.4, 3.3). Services ex-housing accounted for 0.54 percentage point (ppt) of the increase in the MCT estimate relative to its pre-pandemic average, wh... Read More
Posted: Oct 31 2023, 19:54
Author Name: forexlive
Views: 112156

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