Recent low US inflation figures likely to be revised – Dallas Fed vice-president
Data allows “nowcasting” of inflation, paper argues
Recent low US inflation figures will “likely” be revised upwards following research into the personal consumption expenditures (PCE) chain price index, the vice-president of the Federal Reserve Bank of Dallas says.
In the bank’s latest economic letter, vice-president Evan Koenig and senior research analyst Alan Armen examine how a small set of timely inflation indicators can be combined to anticipate movements in the PCE. This can provide a means to “nowcast” inflation in real time, they say.
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