No energy pass-through to headline inflation: St Louis Fed paper
A St Louis Federal Reserve paper, published on Tuesday, finds there is almost no inflation pass-through effect from energy prices into trend headline inflation.
Richard Anderson, Jane Binner, and Vincent Schmidt, the paper's authors, use Granger causality tests and a feed forward artificial neural network to examine the inflation pass-through problem in American monetary policy. The Fed's Federal Open Market Committee adopts the core chain price index for personal consumption expenditures, or
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