The Two Main US Inflation Gauges Are Telling Different Stories
The diversion in key price measures may be enough to dampen bets on a Fed cut.
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I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at an divergence between the two main US inflation gauges. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
To know where you’re heading, it can help to know where you’ve been. With that in mind, the pre-Iran war readings on US inflation aren’t entirely devoid of information. But something striking has emerged with regard to the two main measures of prices facing American consumers.