Here, the Fed is making a fatal mistake, as it relies heavily on a timeworn inflation-forecasting methodology that filters out the “special factors” driving the often volatile prices of goods like food and energy. The logic is that the price fluctuations will eventually subside, and headline price indicators will converge on the core rate of inflation.
在这方面，美联储正在犯致命的错误，它严重依赖过时的通胀预测方法，该方法忽略推动食品和能源等商品价格时常剧烈波动的“特殊因素”。美联储的逻辑是，价格波动最终将抹平，标题物价指标将趋同于核心通胀率。