Option Millionaires

[uranium-pinto-beans]

At his last post-FOMC press conference, Fed Chairman Jerome Powell turned to the Dallas Fed Trimmed Mean PCE inflation gauge to say inflation is running closer to the central bank's 2% target than normal indexes suggest. In a recent speech, the New York Fed leader called the Trimmed Mean his preferred price gauge. Tuesday, Boston Fed leader Eric Rosengren , who is an FOMC voter, also turned to the Dallas Fed measure to suggest inflation is higher than recognized. While it's unclear whether Fed officials will stick to this line, it appears key officials are now gravitating to a new way to measure price pressures, one that's more friendly to their policy aims