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Paul Krugman@pkrugman.bsky.social |
Soft evidence on inflation: the Fed’s latest Beige Book says “Prices increased at a modest pace.” In Jan. 2020 it said “Prices continued to rise at a modest pace.” Consistent with the view that the inflation bump is over.
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@jakemadtown.bsky.social
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Worth noting - the Fed had cut rates 3 times ahead of Jan 2020 after they caved to Trump complaints.
Fed Funds rates are triple today what they were in Jan 2020. Seems like it's time to lower them some, doesn't it?
#economy
0 replies 0 reposts 1 likes