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www.atlantafed.org
| | jwmason.org
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| | libertystreeteconomics.newyorkfed.org
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| | Household saving soared in the United States and other high-income economies during the pandemic, as consumers cut back on spending while government policies supported incomes. More recently, saving behavior has diverged, with the U.S. saving rate dropping below its pre-pandemic average while saving rates elsewhere have remained above their pre-pandemic averages. As a result, U.S. consumers have been spending down the "excess savings" built up during the pandemic while the excess savings abroad remain un...
| | libertystreeteconomics.newyorkfed.org
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| | Elevated inflation continues to be a top-of-mind preoccupation for households, businesses, and policymakers. Why has the post-pandemic inflation proved so persistent? In a Liberty Street Economics post early in 2022, we introduced a measure designed to dissect the buildup of the inflationary pressures that emerged in mid-2021 and to understand where the sources of its persistence are. This measure, that we labeled Multivariate Core Trend (MCT) inflation analyzes whether inflation is short-lived or persis...
| | www.cheddar.com
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| The U.S. GDP dropped in 2024. Here's what that means for you.