Fed’s Alternative Inflation Gauges Signal Cooling, But Skepticism Persists
Trimmed-mean inflation gauges from the Dallas and Cleveland Fed point to cooling inflation toward the 2% target, with June's Dallas measure at 1.4% (1-month annualized) and 2.2% (12-month) and Cleveland’s trimmed CPI at 2.63%. Yet experts caution these measures can be affected by price-mix changes and should be viewed alongside a broad set of data; dissenters argue inflation remains above target, suggesting caution on policy moves.
