should help inflation cool over the summer
In a separate note published Wednesday, the bank sais"temporary pressures" were lifting inflation, citing"commodity prices, bottlenecks, and price level normalization." Once the economy returns to its full potential and shortages are alleviated, price growth should slow, the team added. It's logical to expect demand for travel and leisure to normalize after booming through the reopening. Powell illustrated the limitation in March, noting one"can only go out to dinner once per night." If long-shuttered businesses continue to drive faster price growth, it's likely inflation will weaken once the country enters a new normal.
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Really insightful article, benwinck! Do you agree, FOPNC? Would love to connect about this!
They say that in hopes of calming the market. It's essentially a lie and they know it. The change of an economy takes time, not saying tomorrow will be an economy crash, however trends and data support that we are in an economic decline, whether imposed by the pandemic or not
😂
its here to stay... when you just print money (like we did in the pandemic) that causes inflation, eventually leading to hyperinflation. look at what happened to germany after ww1. there was so much inflation that their currency wasnt worth anything whatsoever
„…according to economists“ paulportesi nntaleb
Like I said … great stock buying oppty off these sell offs.
“Economists” - article immediately goes to quote Fed Vice Chair Richard Clarida.
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