PCE Inflation in September
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Some divergence from Cleveland Fed nowcast vs. Bloomberg consensus:
Figure 1: PCE deflator (black), Cleveland Fed nowcast (red triangle), Bloomberg consensus on 10/25 (blue square). September nowcasts/forecasts using year-on-year changes. Source: BEA, Cleveland Fed, Bloomberg, and author’s calculations.
Figure 1: PCE deflator (black), Cleveland Fed nowcast (red triangle), Bloomberg consensus on 10/25 (blue square). September nowcasts/forecasts using year-on-year changes. Source: BEA, Cleveland Fed, Bloomberg, and author’s calculations.
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