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106: A BIG 2023 Economic Forecast from Harvard's Jason Furman

On The Market

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The Fed's Insights on Inflation

"I like to look at a lot of different inertial measures of inflation," he says. "Every one of those right now is telling a very similar story of inflation in the 4 to 4.5% range" He adds that average hourly earnings, which come out every month, are sort of junk just there measured badly. 'If I knew and believed them, I'd love them, but I don't believe them'

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