Heterodox
by Steve Roth Originally Posted at Wealth Economics (June 2023) Recent headline inflation prints are below the Fed’s target, and falling. That news is a powerful tool for controlling expectations, but the Fed’s not using it. 1.5%. That’s the latest headline inflation rate in the U.S. per the May CPI release, and also according to a three-month average of three different inflation indexes that use somewhat different data, baskets, and...
Read More »The Fed and the Press Should Stop Inflating Inflation Expectations
