Kevin Warsh’s preferred inflation measures run well below the core PCE. A shift to a new and alternative inflation measure means strengthening the case for earlier interest rate cuts.
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Why 2% inflation became the global target for central banks
The curious case of the 2% inflation target and why most central banks won’t let it go.
US debt could rank among highest in G7 by 2030, IMF projects
The cost of borrowing is already choking crucial public spending across many developing economies. But now it is triggering wider concerns.
US debt could surpass Greece by 2028, IMF data shows
The country once mocked for fiscal collapse may soon look more disciplined than the world’s largest economy.