Inflation

 

• Another benefit of trimming: smaller inflation revisions

  With the Dallas Fed’s Trimmed Mean Personal Consumption Expenditures (PCE) inflation rate, what you see in real time is closer to what you get after revision than is the case with the more conventional measure of core inflation, PCE excluding food and energy.

  August 06, 2019

• Consumers’ and economists’ differing inflation views can complicate policymaking

  Economists and consumers likely think of different concepts when they consider inflation. Economists typically focus on the underlying trend that monetary policy can steer. U.S. consumers appear to think instead about unpredictable changes in prices most relevant to their regular decision-making.

  June 25, 2019

• Room to grow? Inflation and labor market slack

  Compared with the usual ex-food-and-energy measure, the Dallas Fed’s Trimmed Mean PCE inflation rate sends a clearer, more reliable signal about whether cyclical inflation pressures are building.

  May 30, 2019

• Which core to believe? Trimmed mean versus ex-food-and-energy inflation

  Twice since 2014, core personal consumption expenditures (PCE) inflation—inflation excluding food and energy—decelerated sharply, only to ultimately reverse course.

  May 28, 2019

• Global Perspectives: Janet Yellen on becoming an economist, being Fed chair and views on Fed independence

  Janet Yellen holds a unique place in Federal Reserve history. It all began with a year as a humble Fed staff economist in 1977.

  April 18, 2019