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Story summary
- The Office of Management and Budget proposed a Regulation for Federal Financial Assistance to revamp grant award and oversight.
- The Bureau of Economic Analysis will alter its PCE price-index method for August data and apply it retroactively for five years.
- The alteration will lower core PCE inflation by about two-tenths of a point.
- In the May 29–July 9 comment period, 51,000 comments were posted, 94 % opposed, and over 200,000 remained unpublished.
