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Once again, the Fed is going to drive us into recession

“Despite the increase, inflation, as measured by their preferred indicator (year-over-year change in the PCE Price Index), remains well below their targeted 2% inflation rate” writes Steve Blumenthal for businessinsider.com. Notable is that PCE tends to lag and follow UIG. If that’s the case, the Fed will continue to raise rates.
 
Source: businessinsider.com



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