The US economy may have a new problem: It’s too strong.
The disinflationary effect of falling energy prices in June has already reversed in July, with oil up nearly 20% and likely to continue rising. Inflation is driven by longer-term structural, ...
Inflation has been a big economic problem in the past. It may be again in the future. But it is hard to see any signs right now that it is out of control, as the above chart of 10-year inflation ...
Today’s inflation numbers are yet another reminder of the inflation denial in which the Federal Reserve is currently engaging. More troublingly yet, those numbers have to raise serious questions as to ...
“Many participants noted that ongoing strong demand for AI infrastructure would likely sustain upward pressure on prices for technology products and electricity.” That line from the Federal Reserve’s ...
The case for raising interest rates to fight inflation rests on a chain of assumptions that held for four decades. The Federal Reserve does not directly set every interest rate in the economy. Its ...
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The RBA says inflation is economic problem number one. Many Australians think the bank is
Bloodletting is an ancient therapy, dating back at least three millennia, and traditionally used to "cure" a range of ills. Whether through leeches or lancets, blood was drawn from the patient to ...
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