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Surveillance: Economic Malaise with Harvey

Bloomberg Surveillance

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The Path to 2% Inflation

Inflation is healing, but for most Americans and in fact global citizens of the world, their price pressures are not coming down. A huge element of this is base effects that are coming through. The Fed has a little bit of an out because it has a dual mandate. But what keeps me up at night is 2024 and onwards, when 2 to 3% inflation will become the norm.

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