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home / news releases / AFMC - The Phillips Curve - Causation Or Statistical Correlation

AFMC - The Phillips Curve - Causation Or Statistical Correlation

First Trust Active Factor Mid Cap ETF
  • Much Fed and commentator thinking relies on the Phillips curve. It's the central way interest rates affect inflation, in conventional thinking.
  • High interest rates raise real interest rates lower aggregate demand cause unemployment, which causes, via the Phillips curve, lower inflation.
  • Clearly, something is very wrong here. Maybe expectations shift. Maybe supply shocks do matter after all.

For further details see:

The Phillips Curve - Causation Or Statistical Correlation
Stock Information
Company Name: First Trust Active Factor Mid Cap ETF
Stock Symbol: AFMC
Market: NYSE
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