Economists misjudged how much staying power inflation would have. Next year could be better — but there’s ample room for humility.
Tag: Interest Rates
-
Skyrocketing Prices in Turkey Hurt Families and Tarnish Erdogan
Annual inflation is around its highest level in decades, devaluing salaries and devouring savings less than a year before President Recep Tayyip Erdogan runs for re-election.
-
U.S. Job Growth Remains Strong, Defying Fed’s Rate Strategy
Employers added 263,000 workers in November, even as some industries showed signs of a slowdown. Wage growth exceeded expectations.
-
Powell says that rates will rise more and remain high ‘for some time.’
The Federal Reserve chair said the central bank will keep lifting rates to control price increases, and played down a recent cooling in inflation.