Nancy Tengler, CEO and CIO of Laffer Tengler Investments, and her panel discussed the limits of economic data such as CPI. The panelists said the data collection approach is archaic, noting the retail sales model dates to 1950, and cited an earlier article saying 30% of CPI inputs were interpolated and adjusted. David Malpass was quoted citing Kevin Warsh in the Wall Street Journal, and he proposed adding the dollar to the Fed's model. One example given was a client who locked in heating oil at $5.80 per gallon, while the government reported inflation at 3.5%, highlighting a gap between official figures and everyday spending.
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inflationFedKevin WarshUS dollar
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/28/2026 | 102.14 |
| Change that session | -0.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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