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New York Fed multivariate core trend inflation guage falls to 2.9% in June from 3.2%

The New York Fed's "multivariate core trend" rate of inflation is their attempt to capture the underlying trend of prices and it fell to 2.9% y/y in June from a downwardly revised 3.2% in May. It's now at the lowest two-and-a-half years.Persistence in both housing and services ex-housing inflation was dominated by the sector-specific component of the trend, the NY Fed said.It's certainly a bull market in obscure inflation metrics. This article was written by Adam Button at www.f... Read More

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Content Topics

York

Multivariate

Core

Trend

Inflation

Guage

Falls

June

Forex

Posted: Aug 1 2023, 18:34

Author Name: forexlive

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