What the Fed Can Learn From the U.K.’s 1991-92 Recession
marketsbriefing.substack.com
A key data point used to measure inflation in the United States rose at its highest pace in over three decades last week. The core personal consumption expenditures price index, which tracks changes in the cost of goods and services, climbed 3.4% year-over-year in May, its highest reading since 1992. While the Federal Reserve continues to believe that price pressures showing up throughout the American economy are transitory and should largely subside by the end of the year, there is more data coming out that rising prices may be here to stay.
What the Fed Can Learn From the U.K.’s 1991-92 Recession
What the Fed Can Learn From the U.K.’s…
What the Fed Can Learn From the U.K.’s 1991-92 Recession
A key data point used to measure inflation in the United States rose at its highest pace in over three decades last week. The core personal consumption expenditures price index, which tracks changes in the cost of goods and services, climbed 3.4% year-over-year in May, its highest reading since 1992. While the Federal Reserve continues to believe that price pressures showing up throughout the American economy are transitory and should largely subside by the end of the year, there is more data coming out that rising prices may be here to stay.