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The Phillips Curve says that low unemployment is linked to high inflation. But history shows that the economy doesn’t always work that way.
The central bank seeks the right rate for controlling inflation while promoting economic growth. It’s a moving target.
Scanlon explains her philosophy of economic education in this excerpt from her book, “In This Economy? How Money & Markets Really Work.”
Prices have climbed persistently, yet the service is persistently scarce. That, in turn, hurts kids and undermines the labor force.
Higher global demand for the drink and climate change’s effect on supply are behind the upward trend.
This year, bigger-than-expected inflation reports are playing a role in determining when companies decide to borrow money by issuing bonds.
Rising costs have long been a concern for Americans. What’s changed is how the government intervenes in prices, economist Carola Binder writes.
The CBO data show purchasing power rising across all income groups, but the numbers reflect averages, and individuals’ experiences vary.
The latest figures, for April, suggest that rising prices, high interest rates and depleted pandemic savings may finally be weighing on spending.
Loans are a big cost, but they would muddle the data in the CPI. Fed rate hikes would essentially create inflation, despite their intention.
