There’s a case to be made that 3 percent inflation might be a better target.

Sign up

As consumer price inflation wobbles in the 3 to 3.5 percent range, Wall Street’s calm assessment that interest rates were sure to start gliding down has abruptly turned into a sense of dread. What if the Fed has to raise rates at least one more time?

There is a sense that the nature of inflation is changing, from the easy-to-tame kind — born mostly of supply shocks that raise the price of energy, food and manufactured goods — to a tougher variety that is fueled by tight labor markets and attendant wage increases.

QOSHE - Maybe it’s time for the Fed to start obfuscating a little bit - Eduardo Porter
menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Maybe it’s time for the Fed to start obfuscating a little bit

61 0
03.05.2024

There’s a case to be made that 3 percent inflation might be a better target.

Sign up

As consumer price........

© Washington Post

Get it on Google Play