Inflation is less about pandemic and war surprises and more about economic momentum. That could make the solution more painful.
Tag: Federal Reserve System
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U.S. Establishes Trust With $3.5 Billion in Frozen Afghan Central Bank Funds
The Afghan Fund, which will be based in Switzerland, is meant to help stabilize Afghanistan’s economy and pay for imports like electricity — without benefiting the Taliban.
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Inflation Report Dampens Biden’s Claims of Economic Progress
The president is trying once again to accentuate the positives in the recovery from recession, but stubbornly high prices are complicating the message.
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Inflation Came in Faster Than Expected in August Even as Gas Prices Fell
Overall inflation moderated less than anticipated, and a closely watched measure of price pressures jumped, bad news for the Federal Reserve.
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Markets Shudder on Higher-Than-Expected Inflation Numbers
Stocks plunged and government bond yields jumped higher as investors were wrong-footed by data showing stubbornly high price increases last month.