Previous | Session Pages | Next
Session 7: Prices—Consumer Price Index, Producer Price Index, and PCE Price Index
Presentations
Steve Reed, US Consumer and Producer Prices, An Overview (PDF, 183 K)
Michael Armah, Comparing Price Measures- CPI, PPI, CPE (PDF, 181 K)
Joe Cardinale, Using BLS Indexes to Escalate Price (PDF, 167 K)
Links of Interest
Speakers
Kathleen Camilli
President
Camilli Economics
Kathleen Camilli is one of the nation’s top economic forecasters and independent economists. Her firm, Camilli Economics, provides clients, including investment organizations, corporations, high net worth individuals and family offi ces, with “real world” economic guidance for smart business and fi nancial decisions. Building on her more than two decades of accomplished private and public sector experience, Ms. Camilli provides “on target” analysis on the workings of the U.S. economy and financial markets. Armed with a solid foundation of global macro/micro economic perspectives, she offers unique insight into complex issues and translates those into understandable, actionable ideas.
Known for her consistently accurate forecasting, Kathleen Camilli is one of the leading economists in the country today and has received top ranking from objective performance raters, including The Wall Street Journal, who named her one of the top fi ve economic forecasters two years in a row; Business Week, who named her the number one performing forecaster, and Institutional Investor.
Before founding Camilli Economics in 2004, Ms. Camilli was the U.S. Economist at Credit Suisse Asset Management (CSAM) in New York where she provided insight on the U.S. economy to the fi rm’s investment process overseeing $312 billion in fi xed income and equity assets globally. Before joining CSAM, she was Tucker Anthony’s Director of Economic Research for six years. During her career, she has worked as a money market economist at Drexel Burnham Lambert, and as a Fed-watcher at Chase Manhattan Bank. She began her career at the Federal Reserve Bank of New York where she trained as a practicing economist and was responsible for forecasting reserves for the Open Market Desk.
Kathleen Camilli received B.A. degrees in both Economics and French from Douglass College, Rutgers University. She studied at Universite de Laval, Quebec, Canada and Universite de Paris III, VII, France. She earned an M.B.A. in Finance and an M.A. in French Studies from New York University.
A frequent commentator, author and speaker, Kathleen Camilli is well known as a strong communicator and translator of complex issues into understandable, actionable ideas. She appears regularly on CNN, CNBC, The NewsHour with Jim Lehrer, Nightly Business Report and Bloomberg Business News. She has been quoted in the financial press, including The Wall Street Journal, New York Times and USA Today.
Ms. Camilli is on the Board of Directors of MassBank Corp., the Money Marketeers of New York University and the National Association of Business Economists (NABE). She is a contributor to Blue Chip Financial Forecasts. Ms. Camilli is a member of the Financial Women’s Association, the New York Women’s Bond Club, the Forecasters Club and the New York Association of Business Economists. Her civic activities include serving on the Board of the Epiphany School Foundation.
Steve Reed
Bureau of Labor Statistics
Steve Reed received a B.A. in Economics from the College of William and Mary and a M.A. in Economics from the University of Maryland. He joined the Bureau of Labor Statistics in 1998 and over the past six years has done extensive research on the Consumer Price Index, including co-creating the CPI-U Research Series. He is also a frequent speaker on the CPI and related matters. When not working he is often chasing around his five-year-old daughter and three-year-old son.
Michael Armah
Program Manager
Bureau of Economic Analysis
Michael Armah joined the Bureau of Economic Analysis, National Income and Wealth Division, in 2002 as program manager overseeing the preparation of personal consumption expenditures (PCE) for services estimates. Before joining BEA, he spent 10 years at the Census Bureau’s Services Sector Statistics Division, where he worked as Section Chief (for half of his tenure) in the Current Services Branch with responsibility for much of the Service Annual Survey. As a Section Chief heI oversaw the implementation of North American Industry Classification System (NAICS) and subsequently, the implementation of the provisional North American Product Classification System (NAPCS) in the Service Annual Survey. While at the Census Bureau, he also worked in the Industry Classification Branch, where he contributed to the development of the new NAICS manual, and in the Retail & Wholesale Indicators Branch, where he worked as an industry analyst for the Advance Monthly Retail Sales and the Annual Retail Trade Surveys.
He has earned a bachelor’s degree in economics, with post-graduate studies in international transactions from George Mason University.
Joe Cardinale
Air Products
Joe Cardinale is a senior economist at Air Products and Chemicals, Inc., an $8.1 billion industrial gas company serving customers in over 30 countries. In this position, he assists operating groups with pricing and contract support, market analysis and analysis of the impacts of economic conditions on business performance. He works with Duncan Meldrum, the Chief Economist, in the development of economic guidelines for the company’s operating plans. In addition to economics, Joe has spent over ten years with Air Products in their finance function, working primarily with project and cash flow analysis.
Joe earned bachelor’s degrees in economics and policy studies from Dickinson College, an MBA from the Krannert Graduate School of Management at Purdue University, and is working towards a doctorate in economics at Lehigh University.
