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Fed’s favorite inflation tracker is getting an overhaul — just as the central bank weighs interest-rate hikes. What’s going on?

Fed’s favorite inflation tracker is getting an overhaul — just as the central bank weighs interest-rate hikes. What’s going on?
Key Points

The inflation tracker that exerts the biggest influence on the actions of the Federal Reserve is getting a makeover just as a divided central bank weighs whether to raise U.S. interest rates this fall.

The inflation tracker that exerts the biggest influence on the actions of the Federal Reserve is getting a makeover just as a divided central bank weighs whether to raise U.S. interest rates this fall. [Image text:] Gasoline Self Serve 8298 Regula PGER Plys gGh8 8898 Diese No.2 Propane Cesar E Chavez Av 5998 Metro Local PUBLIC PARKING $10.96 CCTE Metro FBME FlyAway Bus LAX SPEED LIMIT 35 Natfon's Lar can-Alr Fleet PUTOUETS W-AWAY STOPPIN
Fed (ORG) the Federal Reserve (ORG) U.S. (LOCATION)
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