Bureau of Economic Analysis overhauls PCE price index methodology, potentially lowering the Fed’s preferred inflation gauge

Bureau of Economic Analysis overhauls PCE price index methodology, potentially lowering the Fed’s preferred inflation gauge
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Goldman Sachs and JPMorgan estimate the revised core PCE reading could drop to 3.2-3.3%, down from the initially reported 3.4% The number the Federal Reserve cares about most is about to get a makeov… [+3059 chars]

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