www.marketwatch.com
The New York Federal Reserve released a report arguing that official U.S. statistics are overstating inflation and import prices. Researchers suggest that the standard method for calculating quality adjustments in imported goods fails to fully account for improved product features. Additionally, the report highlights that volatile oil prices disproportionately influence import price indices, potentially creating a misleading picture of underlying inflationary trends. These findings imply that the true rate of inflation may be lower than current data suggests.
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