Why former fed chair Alan Greenspan is wrong about inflation estimates

Alan Greenspan, who used to be an important person, says the government’s inflation figures are wrong. Esther George, who is still important — as the head of the Kansas City Federal Reserve, — also says the inflation numbers are wrong. But George thinks they are wrong for the opposite reason as Greenspan who, as boss…
Business | New York Post

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US import prices rose slightly in April, suggesting inflation could remain tame for a while

U.S. import prices were seen rising 0.7% in April, after climbing 0.6% a month earlier.
Economy

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R.I.P. Inflation: The data point the Fed watches for inflation just said there isn’t any

The Fed's preferred inflation gauge showed no change in March and remained well below the central bank's target.
Economy

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Tokyo Overall Inflation Climbs To 1.4% In April

Overall consumer prices in the Tokyo area were up 1.4 percent on year in April, the Ministry of Internal Affairs and Communications said on Friday.
RTT – Economic News

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Vice President Mike Pence backs Trump’s call to lower interest rates, citing low consumer inflation

Trump and economic advisor Larry Kudlow have also called for lower rates, though the Fed generally makes decisions independently of political demands.
Politics

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Japan Overall Inflation Rises Just 0.2% On Year In February

Overall nationwide inflation in Japan was up 0.2 percent on year in February, the Ministry of Internal Affairs and Communications said on Friday.
RTT – Economic News

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Portugal Inflation Eases To 9-month Low

Portugal’s inflation eased further in January to its lowest level in nine months, preliminary data from Statistics Portugal showed on Tuesday.
RTT – Economic News

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China Inflation Data Due On Thursday

China will on Thursday release December numbers for consumer prices, highlighting a light day for Asia-Pacific economic activity.
RTT – Economic News

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Estonia Producer Price Inflation Eases

Estonia’s producer price inflation slowed in November, data from Statistics Estonia showed on Thursday.
RTT – Economic News

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Fed’s Kashkari says rates should not go up when job creation is strong and inflation is tame

Hiking rates too forcefully before necessary could risk causing a recession in the U.S. economy, says Minneapolis Fed President Neel Kashkari.
Economy

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Japan Inflation Data Due On Thursday

Japan will on Thursday release October numbers for consumer prices, highlighting a light day for Asia-Pacific economic activity.
RTT – Economic News

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China Inflation Data Due On Friday

China will on Friday release October figures for consumer and producer prices, highlighting a modest day for Asia-Pacific economic activity. In September, consumer prices were up 2.5 percent on year and producer prices were up 3.6 percent.
RTT – Economic News

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The Federal Reserve’s favorite inflation indicator says it is under control

Headlines detail the latest Consumer Price Index changes, but the central bank monitors something a lot more esoteric-sounding, the Personal Consumption Expenditure deflator, or PCE price index.
Economy

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Japan Inflation Falls To 1.2% On Year In September

Consumer prices in Japan were up 1.2 percent on year in September, the Ministry of Internal Affairs and Communication said on Friday.
RTT – Economic News

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