Analysis of Inflation Data and Federal Reserve's Dual Mandate

The core personal consumption expenditures price index came in hot last week. After months of evidence that inflation was decelerating, the PCE — the Fed’s preferred measure of inflation — rose at its fastest pace in nearly a year. 

On today’s Big Take podcast, we sort through the numbers with Matthew Boesler, who covers the US economy for Bloomberg, to understand whether the latest PCE report is a one-off aberration, or if it signals a true resurgence of inflation.

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