Core PCE
209 postsUnit Labor Costs are Literally Constructed Using Prices
One argument that the labor market is to blame for high inflation has been the significant rise in unit labor costs during the post-pandemic recovery. The most recent example comes from the ECB:
May Core-Cast Post-PCE - Confirming The Nowcast: Core Services Ex Housing Is Finally 'Cooperating' With Fed Goals
Core-Cast is our nowcasting model to track the Fed's preferred inflation gauges before and through their release date. The heatmaps below give a comprehensive view of...
State Space - How Core PCE Outcomes Are Likely To Map To The Fed's Interest Rate Decisions Through 2023
Welcome to our State Space series. Here you will find how we’re thinking about the pathways and scenarios that could take us to critical economic states. We...
