The Fed May Be Two Meetings Away From a Policy Mistake

The US inflation rate, which had surged to over 9% two years ago, is now around 3%. Based on current trends, it should settle at 2.5%-3%, a range that most economists would deem consistent with financial stability, including a firm anchoring of inflationary expectations. This good news would …

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The Fed May Be Two Meetings Away From a Policy Mistake

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