Overreacting to Inflation While the Labor Market Cools
Post-June FOMC: By Overreacting Hawkishly, the Fed Risks Being Behind the Ball by Preston Mui employ america org The simple fact as seen in a longer-run view, inflation has fallen greatly. Whether you start from its peak at 5.6% in February 2022 or 4.2% when the Fed raised rates to the current level, core PCE inflation—which […]