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NY Fed President Williams Notes Technical Factors Skewed November CPI Lower

John Williams of the New York Federal Reserve said certain technical factors led to a downward distortion in the November Consumer Price Index (CPI) reading.

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Terms & Concepts
  • Consumer Price Index (CPI): A measure of the average change in prices over time paid by consumers for goods and services.
  • Technical Factors: Data collection or calculation issues that can temporarily affect economic indicator readings.
  • New York Federal Reserve: One of 12 regional banks in the U.S. Federal Reserve System, responsible for implementing monetary policy and overseeing financial stability.