Does the Fed have the credibility not only to cut its policy rate next week but also to reduce it further in the following months, to the long-run neutral rate of 3% without stoking inflation?| The Real Economy Blog
Once one excludes the more volatile trade and inventory data, growth advanced at a much softer pace of 1.2% implied by final sales to private domestic purchasers.| The Real Economy Blog
We now expect growth to slow to 1.1% this year, inflation to rise above 3% and a 4.4% unemployment rate.| The Real Economy Blog