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Greg Ip highlights the difference between core personal consumption expenditures (PCE) inflation and core consumer price index (CPI) inflation, noting that core CPI is much lower.
He suggests that the reasons for this divergence should be evaluated, particularly regarding software and tech products, but expresses limited concern over these sources based on colleague Justin Lahart's analysis.
Ip has previously assessed factors influencing financial markets beyond inflation trends. In one report, he observed that concern over unpredictable Trump tweets is discouraging speculators from taking long oil positions, affecting market activity (full story). He has also analyzed the benefits and instability associated with private money and stablecoins (details here).