Federal Reserve Policymakers Meet This Week and Ask: “Are We There Yet?”
Former JPMorgan Global Chief Economist (Ph.D in Economics) & Current BrightQuery Chief Economist
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The answer is that monetary policy is so restrictive that the Fed could justify lowering policy rates. The Fed’s preferred inflation metric, core PCE (which measures consumer prices excluding food and energy components), is now rising at a yearly pace of +2.9% (December 2023), do…
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