Federal Reserve's New Inflation Data is 'Useless,' Says Otavio Costa: Inside Fed's Pivot To Excuse Lower Rates
Macro investor Otavio Costa criticizes the Federal Reserve for using the Trimmed-Mean PCE inflation metric to justify rate cuts while actual inflation pressures persist. Costa argues the metric masks real price surges by stripping out extreme fluctuations, and claims the Fed's independence has eroded due to unsustainable debt service levels, leaving policymakers with an impossible mathematical dilemma.
https://www.benzinga.com/markets/economic-data/26/05/52240643/federal-reserves-new-inflation-data-is-useless-says-otavio-costa-inside-feds-pivot-to-excus?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel