2024-01-26 16:00:00 ET
Summary
- New data from the Bureau of Economic Analysis shows that inflation has slowed significantly over the last year.
- Most of the inflation observed since January 2020 was due to loose monetary policy.
- The Fed has kept monetary policy sufficiently restrictive to slow nominal spending growth and bring inflation back down.
By William J. Luther
New data from the Bureau of Economic Analysis shows that inflation has slowed significantly over the last year. Prices are now growing at a rate consistent with the Federal Reserve's inflation target....
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For further details see:
Inflation On Target In December