Claudia Sahm Talks Fed Minutes, Inflation Gauge
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Claudia Sahm Talks Fed Minutes, Inflation Gauge
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A revamp of the Federal Reserve's preferred inflation gauge could tip the scales against interest-rate increases this year. The planned changes to the personal consumption expenditures price index would have likely lowered core inflation if they'd already been applied to the latest data.
Claudia Sahm, Chief Economist at New Century Advisors, reacts.
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