The Federal Open Market Committee (FOMC) voted to hold their federal funds rate target in the 5.25 to 5.5 percent range on Tuesday. The move was widely expected, with financial...
About William J. Luther
The Economist
US inflation is back on target
After more than two years of high inflation, the Federal Reserve finally has inflation back on target. The Personal Consumption Expenditures Price Index (PCEPI) has grown at a...
The Macro View
Is inflation merely catching up?
Everyone is talking about inflation. And rightly so. The consumer price index (CPI) grew by 5.4% from June 2020 to June 2021. That is a far cry from double-digit inflation....