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unobservable |
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Meanwhile, in the absence of an active market for an asset or liability, unobservable inputs reflect the reporting entity's own assumptions. And the fact that the groups are so similar in their outward traits suggests they are also similar in unobservable traits like motivation. Inflation as measured by the market-based component of core PCE prices--which excludes a collection of erratic prices that are unobservable from market transactions and which the Bureau of Economic Analysis began to publish early last year--was in line with overall core PCE inflation last year. |
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