> I wonder if eventually the Fed will try to track inflation as a vector rather than a single number.
They already do, they just publish it as a single number for simplicity and ease of comparison. Multiply your vector by weights corresponding to "relevance" and you get PCE.
They already do, they just publish it as a single number for simplicity and ease of comparison. Multiply your vector by weights corresponding to "relevance" and you get PCE.
https://www.thebalance.com/personal-consumption-expenditures...