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.
All posts in World Economy
The rising cost of U.S. debt and why it only gets bigger
The current gross U.S debt stands at $39 trillion, which experts say is not the real problem. Instead, its the current path Congress has taken of spending more than taking in which seems “not sustainable.”
Why UAE leaving OPEC matters, in 2 charts
OPEC is no stranger to exits. But UAE’s exit could mean a fundamental geopolitical shift in the Middle East (and the oil markets).
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.