The outlook in the Summary of Economic Projections for December 2021 is sanguine: The median of the projections suggests that inflation will come down substantially by the end of 2022, and that int…| John Roberts Macroeconomics
Updated 9/1/2022 to clarify that the FOMC will monitor the inflation process broadly, and not just a single measure such as core PCE inflation. The Fed is currently in a tightening cycle. When will…| John Roberts Macroeconomics
If inflation comes down more quickly than the Fed currently anticipates, the Fed would likely cut interest rates sooner—sooner, for example, than in their most-recent economic projections, when the…| John Roberts Macroeconomics
