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But we saved everything 🙂.
Ernie Tedeschi addresses the rationale behind developing a consumer price index (CPI) that aligns with an owners' equivalent rent–consistent (OER-consistent) methodology. He suggests it is unclear why such effort is needed, given that the personal consumption expenditures (PCE) index is already consistent with historical and methodological standards.
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Tedeschi has previously commented on labor market and employment trends. He noted that the entry-level share of legal jobs sits above trend, while finance is slightly below, and office administration remains in line with earlier patterns, according to recent analysis. In a separate note, he stated that the U.S. labor market began accelerating in 2014 but that prime-age employment continues to lag the EU, as detailed here.