AxiosCenter·
Inflation measurement tweaks make for sunnier data
Changes to the methodology underneath the Federal Reserve's go-to inflation measure are on track to make the numbers look a couple of ticks better later this year. Why it matters: The changes are entirely defensible on technical grounds and should make the Personal Consumption Expenditures Price Index better able to mirror overall price dynamics over time. But coming at a fraught moment — when the independence of statistical agencies has been attacked and the Fed has overshot its inflation targ…
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