Methodology changes affect PCE report details, Kevin Green notes

Methodology changes affect PCE report details, Kevin Green notes
PCE report influenced by new methodology

Kevin Green highlights that today's PCE report includes three methodology adjustments that influenced its results.

These changes involve replacing nominal price deflation with a CES-based quantity series for portfolio management and investment advice, while maintaining nominal price deflation for computer software and accessories.

Green has previously tracked energy cost developments, noting that U.S. retail diesel prices were nearing all-time highs ahead of peak refinery utilization. He also recently analyzed WTI crude's approach to a $104.95 peak in the context of oil market intervention discussions. These earlier observations provide additional context for his latest coverage of inflation methodology revisions.

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