Following up on a couple of previous posts (here and here), I take a look at the forecasts in the FOMC’s September 2022 Summary of Economic Projections (SEP) through the lens of a simple macroecono…| John Roberts Macroeconomics
My blog post from last March, How Tight Is the Labor Market?, argued that the unusually high level of job openings meant that the natural rate of unemployment was likely higher than pre-Covid. Rela…| John Roberts Macroeconomics
Inflation is currently much higher than it was pre-Covid: as of August 2022, the twelve-month change in the prices of personal consumption expenditures excluding food and energy (core PCE) was 4.9&…| John Roberts Macroeconomics
