My friend Jared Bernstein calls our attention to the rebirth of the inflation hawks. Apparently, there is a new craze among economists to say that we are in a period of structurally higher inflation.
Nearly six years after the onset of the COVID-19 pandemic, the underlying inflation process in advanced economies has fundamentally shifted, even as headline consumer price inflation has declined ...
Inflation may be down to the Federal Reserve’s target, if we subtract the effect of tariffs. Perhaps, then, the Fed can bring down interest rates more. That’s an implication of research at Harvard ...
Inflation in May accelerated past the top end of the Bank of Canada ‘s target range, but economists say it has likely peaked and the 33 per cent jump in gas prices masks an economy still struggling ...