Mission Accomplished: Is it Too Early for the Fed to Declare Victory?
Former JPMorgan Global Chief Economist (Ph.D in Economist) and Current BrightQuery Chief Economist
Special Thanks to Carl Nenzen Loven for this Picture on Unsplash.com
Yes, it is too early to declare victory!
Still, the Federal Reserve’s jet appears to be approaching the airport with good runway visibility. The Fed’s preferred inflation measure, the core PCE deflator excluding food and energy components, saw its 12-month growth rate fall to 3.2% for N…
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