Economists misjudged how much staying power inflation would have. Next year could be better — but there’s ample room for humility.
Category: Prices (Fares, Fees and Rates)
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Inflation Forecasts Were Wrong Last Year. Should We Believe Them Now?
The New York Times – Business: -
U.S. Gas Prices Are Now Lower Than a Year Ago
The New York Times – Business:A visible symbol of inflation for much of the year, prices at the pump have been driven down by reduced global demand and tumbling oil prices.
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Why Christmas Trees Could Cost More This Year
The New York Times – Business:Inflation and tight supplies are the big reasons. Still, there are some things you can do to keep the price down and still have a natural tree.
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State Tax Cut Policies Prop Up Income, Fanning Inflation Worries
The New York Times – Business:Efforts around the country to ease the pain of rising prices have given consumers more money to spend, which could paradoxically further drive up prices.
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The Fed’s Preferred Inflation Gauge Slowed in October
The New York Times – Business:A measure of inflation that the Fed watches most closely is showing signs of moderation, though price gains still remain too fast for comfort.
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Powell says that rates will rise more and remain high ‘for some time.’
The New York Times – Business:The Federal Reserve chair said the central bank will keep lifting rates to control price increases, and played down a recent cooling in inflation.
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David Lipton, Economic Diplomat, Will Step Down From Treasury
The New York Times – Business:Mr. Lipton, who served in senior roles in the Clinton and Obama administrations and at the I.M.F., is retiring.