The US CPI data released yesterday showed that inflation continues to decline and the so-called ‘surprise’ that seems to have shocked the ‘markets’ are mostly down to the eccentric way the US Bureau of Labor Statistics calculates housing costs. The data provides no justification for further rate hikes in the US or anywhere else for that matter....
William Mitchell — Modern Monetary Theory
US inflation rate is declining – no case for further rate risesBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
It won't reach the Fed's target with interest rates stuck at 30-year highs.
ReplyDeleteIt’s going to create a big showdown with Trump if they think they are not going to reduce rates if he gets back in…
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