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Waiting For the Coast to Clear on Inflation
The Fed will likely begin cutting interest rates in the months ahead, for good reason. Last week felt like a victory against high inflation: chart We’ve now had no price increases on the overall inflation rate for two months.1 Some pundits still aren’t so sure it’s time to take a victory lap just yet. What about the 1970s? There was a spike in inflation at the outset of the decade, it fell, then re-accelerated: chart There are many differences between this economic period and the 1970s. People who want to use the 1970s analogy always fail to mention that inflation fell in the middle of that decade because ... (full story)
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- Posted: Jul 20, 2024 3:30pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,984
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