The Fed is Buying Time – but the Clock is Running
A Collision of Forces Inflation has now exceeded the Fed’s 2% target for more than 5 years. Just as the latest readings showed tentative moderation, the U.S.–Iran conflict delivered an oil-price shock that threatens to undo that progress. Energy costs feed through quickly—into freight, manufacturing, food distribution, airfares, and utility bills. The risk is no […]
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