Stubbornly high consumer price inflation is decelerating, if slowly. It was running at 9% in mid-2022 before showing some improvement to 6% in February’s data. It needs to get to 2% before the Fed can declare victory, which is still two years away, but getting inflation to around 3% to 4% looks likely by year’s end. The Fed should stop raising interest rates. Here is a followup article dated 5/3/23: Yun: Latest Fed Hike ‘Unnecessary and Harmful’
Full article here: End Rate Hikes
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