MACRO
Fed to Get Some Help in Pausing as Inflation Gauge Gap Shrinks
The unusually wide gap between the two main US inflation gauges is poised to narrow in the months ahead, giving Federal Reserve officials more cover to pause interest-rate increases in early 2023.
Over the last several months, CPI has exceeded PCE price gauge by the most since the early 1980s. Excluding food and energy, the difference in so-called...