Not Even The Massive Changes Of Methodology Can Get PCE Inflation Back Into The Bottle
· seekingalpha.com
Wednesday was the day for the BEA's annual revisions of the PCE price index. Despite the changes in methodology, inflation remained substantially above the Fed’s 2% target. Read more here.
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Those changes in methodology knocked the PCE price index down, but even the new-and-improved version remained far abov...