New York Fed data shows underlying inflation pressure acceleration, not slowing

<p>This is an interesting piece from Reuters on a New York Federal Reserve report on an in-house inflation model. This is the Multivariate Core Trend (MCT) model:</p><ul><li>The January MCT reading stood at 4.9%, up from December’s upwardly revised 4.8%, which had initially been reported at 3.7% a month ago. </li><li>The January MCT reading "provides a quite different narrative for the recent dynamics of inflation persistence relative to what we had prior to the new release," New York Fed economists wrote.</li></ul><p>(bolding above is mine).</p><p>Here is the <a href="https://ift.tt/TXeODUw" target="_blank" rel="nofollow">Reuters link</a> for more detail. </p><p>---</p><p>Thursday US time market moves show persistent worries about imminent Fed moves:</p><ul><li><a href="https://ift.tt/90IfkLj" target="_blank" rel="follow" data-article-link="true">Forexlive Americas FX news wrap: Full-on flight to safety ahead of non-farm payrolls</a></li></ul><p>NY Fed head Williams and Chair Powell</p> This article was written by Eamonn Sheridan at www.forexlive.com.

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