22 Mar. 2016 The Upturn in Core Inflation is Real - Don't Focus on the Noise
22nd Mar 2016 04:32U.S., Economic Monitor
We pointed out in yesterday's Monitor that Fed Chair Yellen appears to be putting a good deal of faith in the idea that the recent upturn in core inflation is temporary. She argued that "some" of the increase reflects "unusually high readings in categories that tend to be quite volatile without very much significance for inflation over time".
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