That’s good news for inflation, but it might be bad news when it comes to the risk of a recession.

The PCE and CPI measure different things, but the message they send to consumers may influence expectations — that then can affect inflation.

“We have to do this,” says Dr. Scott Anzalone, former president of the local school board in Logan, Ohio.

It’s largely about preventing “inflationary psychology” from becoming entrenched, the Bank for International Settlements said.

It’s all about reducing the demand for labor.

Those same workers have seen their wages grow faster than the overall average in the last year thanks to the labor shortage.

Credit card companies can change their fees based on inflation.

The Ukraine war and the impacts of the pandemic sparked a global spike in prices. Britain is grappling with the domestic consequences.

Trevon Logan, professor of economics at The Ohio State University, says we’re looking at a “new normal” for the federal funds rate.

There is a very real chance that the country may end up paying a price for getting inflation under control. That price is recession.