Liberty Street Economics: MCT Update: Inflation Persistence Declined Modestly in February

F E D E R A L   R E S E R V E   B A N K   o f   N E W  Y O R K LIBERTY STREET ECONOMICS   MCT Update: Inflation Persistence Declined Modestly in February   Martin Almuzara and Argia Sbordone   This post presents updated estimates of inflation persistence, following the release of personal consumption expenditure (PCE) price data for February 2023. The estimates are obtained by the Federal Reserve Bank of New York's Multivariate Core Trend (MCT) model, which was introduced last year. The MCT declined slightly in February from the month prior.    READ MORE

 

Stay Connected:  @NewYorkFed | @NYFedResearch  | Facebook | LinkedIn | YouTube Download our  Economic Research Tracker to your iPhone® or iPad® Unsubscribe | Got this from a friend? Subscribe.

---

This email was sent to franchmaverickk.secretwords123@blogger.com using GovDelivery Communications Cloud on behalf of the Federal Reserve Bank of New York