In August, headline inflation was up 0.3 percentage points from the month before, measuring a steady 3.4% year over year.
Fed Chair Kevin Warsh thinks Fed officials have tipped their hand too much in the past about their future plans for interest rates. But he hasn’t been able to keep everybody else quiet.
When fiscal dominance is happening, monetary policymakers defer to the interests of fiscal policymakers.
This isn’t the effect that the administration hoped the import taxes would have.
Higher interest rates will mean higher return on U.S. investments — but in order to invest in the U.S., you need U.S. dollars.
Another hot CPI report must mean the Fed is going to raise interest rates, right?
The average real hourly wage, accounting for raises and inflation, went down by 0.3% over the past 12 months.
Staffers might compare prices with online resellers, while overhead at thrift stores has likely gone up, experts told Marketplace.
Inflation gets worse when consumers expect it to get worse.
The labor market got a good report card for August, but inflation remains high. That complicates the Federal Reserve’s decision-making process.
