Draining the monetary policy swamp (Livemint)

V. Anantha Nageswaran Just before the first quarter ended, the US released March data for its most comprehensive (excluding the GDP deflator, of course) inflation indicator—the Personal Consumption Expenditure Chain-Type Price Index. The annual percentage change (PCE inflation rate) in the headline index had crossed 2.0%. It read 2.1% when rounded off. Between January and…

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Updated: April 4, 2017 — 6:58 AM