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/biz/ - Business & Finance

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55518863 No.55518863 [Reply] [Original]

how come the federal reserve tracks inflation by used car prices instead of food, energy, and housing

>> No.55518875
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55518875

>>55518863
thou shalt tounge jerome powells anus; pic related

>> No.55518878

>>55518863
Probably because it would never go down idk tbqh

>> No.55518915

>>55518863
The Federal Reserve primarily tracks inflation using the Consumer Price Index (CPI), which includes a basket of goods and services. However, used car prices have gained attention recently because they can have a significant impact on the overall inflation rate. Used car prices have a relatively large weight in the CPI, and their fluctuations can reflect supply and demand dynamics, serving as an indicator of broader inflationary pressures. While not the sole determinant of inflation, monitoring used car prices provides valuable insights into overall price dynamics and economic conditions for the Federal Reserve to make informed decisions about monetary policy

>> No.55518926

>>55518915
thats what the jews at chat CCP want you to believe