Getting a Jump on Inflation
Alan Armen and
Evan Koenig
Economic Letter, 2017, vol. 12, issue 9, 4 pages
Abstract:
Accurate official estimates of Fed policymakers? preferred PCE inflation measure take months, and sometimes years, to become available. A small set of timelier indicators offers realtime power to ?nowcast? PCE inflation. Those indicators provide as much accuracy as initial government estimates and remain informative even after official estimates have been published.
Date: 2017
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