Sunshine Corner 11/2024
Easier interest rate policy is here. Will it last?
In this month’s Sunshine Corner, I take a walk through the latest inflation data, the reaction in retail sales, and what it all means for interest rate expectations.
The Fed’s preferred measure of inflation has been trending at a 2% annual rate for six months. Payroll employment growth has slowed, but the unemployment rate remains near historic lows. The…
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