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libertystreeteconomics.newyorkfed.org
| | www.atlantafed.org
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| | www.newyorkfed.org
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| | www.moneyandbanking.com
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| | "Headline" inflation is making painful headlines again. In October, consumer prices rose by 6.2 percent from a year ago-the most rapid gain in at least three decades. Measures of trend inflation also are showing unsettling increases, with the trimmed mean CPI up by 4%. And there are reasons to believe that inflation will stay well above policymakers' 2% target for an extended period. In this post, we briefly summarize how we got here and argue that the Federal Reserve needs to change course now. In our v...
| | www.soberlook.com
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| In a fashion similar to what became known as the "Asian Contagion" in the late 90s, the current stress in emerging economies has been spre...