Have We Crested the Inflation Wave?

Finally, some welcome news on the inflation front: Core PCEPI inflation is down to 4.6 percent year-over-year, and 0.3 percent month-over-month, which is 3.6 percent annualized. PCEPI growth has fallen […]

Understanding Inflationary Finance

Despite common assertions to the contrary, government spending does not necessarily cause inflation. Whether it does so depends on the willingness of the monetary authority to help finance the government […]

The Fed Isn’t Powerless

In a recent article at Axios, Neil Irwin asks why interest rate increases haven’t tamed inflation. Inflation remains high despite eight rate-hikes by the Fed over the past year. The […]

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. […]