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
As in posts earlier this year (here’s a link to the previous one), I interpret the outlook in the FOMC’s latest Summary of Economic Projections (SEP) through the lens of a simple macroeconomic mode…| John Roberts Macroeconomics