BEA to use the average of September and November CPI to calculate October PCE price data
Newsquawk Staff ·
BEA to use the average of September and November CPI to calculate October PCE price data.
What it means
The BEA's decision to average September and November CPI for October PCE calculation suggests a focus on smoothing price volatility, rather than reflecting any immediate inflationary pressures. This approach might impact the interpretation of inflation trends, potentially affecting market expectations for the Fed's policy direction as we head into year-end.
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