Persistently Pesky Price Pressures

Inflation remains stubbornly high. The Personal Consumption Expenditures Price Index (PCEPI), which is the Fed’s preferred measure of inflation, increased 0.6 percent in January, higher than most analysts had expected. […]

More Interest Rate Hikes Ahead

The Bureau of Economic Analysis released its latest personal consumption expenditures price index (PCEPI) estimation on February 24. The PCEPI is the Fed’s favored measure of inflation. The latest release […]

Risky Business: A Review

In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale University Press, 2023), economists Liran Einav (Stanford), Amy Finkelstein (MIT), and Ray Fisman (Boston U.) attempt […]

Inflation Surges in January

After eight rate hikes from the Federal Reserve in the last year and declining inflation during the back half of 2022, many had hoped the worst of the price increases […]