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The Bureau of Economic Analysis is set to implement adjustments to the methodology behind the Federal Reserve's preferred inflation gauge, a change expected to ease pressure on the central bank to raise interest rates.
The BEA revision The Bureau of Economic Analysis is the federal statistical agency that produces the inflation series Federal Reserve policymakers rely on most when setting rates.
Its planned adjustments alter how that measure is calculated, producing a lower reported reading than current methodology would show.
The revision affects the gauge the Fed uses to assess whether prices are moving in line with its policy goals.
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