Miran, in a speech and a subsequent television interview, said government statistics are misleading and “underlying” inflation is running below 2.3%, not far from the Fed’s 2% target.

They forecast PCE inflation – which is a slightly different measurement than the well-known Consumer Price Index – to slowly decline to 2.5% by the end of 2026, from 2.8% in the most recent reading.

President Donald Trump made a series of false claims during his prime-time address from the White House on Wednesday night. Here is a fact check.

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MUMBAI: With headline retail inflation tumbling to a 13-year low of 0.25% in October, economists see a higher chance of a 25 bps repo rate cut in the forthcoming monetary policy review next month.

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Fed officials are struggling to find the interest-rate policy that best balances concerns about inflation with worries over a sluggish labor market Fed governor Stephen Miran, at left, and New York ...