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Preview: The Federal Reserve should be worried about the dwindling recessionary mindset

Preview: The Federal Reserve should be worried about the dwindling recessionary mindset
The Federal Reserve may be tempted to take a victory lap in the fight against inflation today and offer hints that it could be at the end of the rate hiking cycle. Headline CPI is down to 3.0% y/y from a peak of 9.1%.The Fed target is still a full percentage point away but 3% inflation certainly isn't a crisis, especially in a positive-growth environment.The problem is that inflation could re-accelerate. For much of the year, US consumers and businesses have been restraining spending in anticipa... Read More
Posted: Jul 26 2023, 17:24
Author Name: forexlive
Views: 080860

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