Getting a Jump on Inflation
4 Pages Posted: 7 Sep 2017
Date Written: 2017
Abstract
Accurate official estimates of Fed policymakers’ preferred PCE inflation measure take months, and sometimes years, to become available. A small set of timelier indicators offers realtime power to “nowcast” PCE inflation. Those indicators provide as much accuracy as initial government estimates and remain informative even after official estimates have been published.
Suggested Citation: Suggested Citation
Armen, Alan and Koenig, Evan F., Getting a Jump on Inflation (2017). Economic Letter, Vol. 12, Issue 9, pp. 1-4, 2017, Available at SSRN: https://ssrn.com/abstract=3029745
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