Why Fed’s Kevin Warsh is paying close attention to trimmed PCE


Following Kevin Warsh’s first FOMC meeting as the new head of the Federal Reserve, former Fed Bank of Cleveland president Loretta Mester explains why Warsh is choosing to pay so much attention to the trimmed mean of the Personal Consumption Expenditures (PCE) index for inflation.

Fed officials voted unanimously on Wednesday to hold interest rates where they are.



Source link

  • Related Posts

    Russia and Ukraine trade deadly strikes as Zelenskyy prepares to meet Trump

    KYIV, Ukraine (AP) — Russia bombarded at least four Ukrainian regions overnight with missiles and drones, killing five people, officials said Tuesday, and Ukraine’s forces damaged another Russian oil refinery…

    Continue reading
    K2 Drills 53.34m of 2.00 g/t Au at Dragonfly, Including High-Grade Oxide Core of 15.24m of 5.33 g/t Au

    This news release contains forward-looking statements that are not historical facts. Forward- looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    The US Air Force Is Spending $996 Million On Drone Wingmen Because It Cannot Keep Its Fighter Pilots

    The US Air Force Is Spending $996 Million On Drone Wingmen Because It Cannot Keep Its Fighter Pilots

    Russia and Ukraine trade deadly strikes as Zelenskyy prepares to meet Trump

    Russia and Ukraine trade deadly strikes as Zelenskyy prepares to meet Trump

    I Visited the Real-Life Silent Hill Village in Scotland

    I Visited the Real-Life Silent Hill Village in Scotland

    Northamptonshire all-rounder Gus Miller signs contract extension

    Northamptonshire all-rounder Gus Miller signs contract extension

    Trump to sign agreement with leaders of Greenland and Denmark at United Nations

    Trump to sign agreement with leaders of Greenland and Denmark at United Nations

    The UK Government Faces a Reckoning Over Palantir

    The UK Government Faces a Reckoning Over Palantir