WebApr 11, 2024 · The estimates are obtained by the Multivariate Core Trend (MCT), a model we introduced on Liberty Street Economics last year and covered most recently in a February post. The MCT is a dynamic factor model estimated on monthly data for the seventeen major sectors of the PCE price index. It decomposes each sector’s inflation as … Web1 day ago · The Federal Reserve Bank of New York’s Survey of Consumer Expectations found that the share of consumer respondents indicating that credit was harder to get than a year ago rose to 58.2 percent ...
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