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Markets Await Possible Fed Pause, Recession
Bloomberg Businessweek
The Fed's Debate About Core Inflation
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When Russia invaded Ukraine, energy prices went up a lot and of course as you get through the episode now, we now 12 months more away from that event in February of 2022. Year over year way of measuring inflation is that inflation is actually now beginning to decline in food and energy. And it does probably require interest rates at these elevated levels for at least well into next year before we begin to see a meaningful move down to 2%. All right, Torsten, I have a ton of viewer slash listener questions. When is it going to really hit Joe Plummer?
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