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Describe the forecast for the Personal Consumption Expenditures (PCE) Price Index, used by the Federal Reserve to monitor inflation, for the United States from 2022
Describe the forecast for the Personal Consumption Expenditures (PCE) Price Index, used by the Federal Reserve to monitor inflation, for the United States from 2022 to 2025 according to the data video from class? What two assumptions are driving this forecast? Explain.
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