"The Fed prefers the PCE index over the Labor Department’s CPI in part because it accounts for changes in how people shop when inflation jumps — when, for example, consumers shift away from pricey national brands in favor of cheaper store brands.Subscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance."

Read this story from "Fortune" for free without being tracked.

https://read.distractionfree.site/fortune/2023/12/22/pce-inflation-november-fall-slide-lower-2-6/

#inflation #CommerceDepartment #Fed #Fed’sPolicy #RubeelaFarooqi #ChiefUS #HighFrequency

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