New York Fed President Williams: Some "Technical Factors" May Have Depressed November CPI Reading

Deep News12-19

New York Federal Reserve Bank President John Williams stated on Friday that certain "technical factors" likely distorted November's inflation data, resulting in an overall reading lower than it otherwise would have been.

He noted: "There were some unique practical factors related to their inability to collect data in October and the first half of November. As a result, I believe certain categories of data were distorted, potentially lowering the CPI reading by about 0.1 percentage points."

He added: "It’s currently difficult to determine the exact magnitude of the impact. When December’s data is released, we may gain a clearer understanding of the extent of this distortion and its implications. However, I do think these technical factors slightly suppressed the data."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment