Peakflation versus recession: Stairway to heaven or highway to hell?
Updated: 05 Aug 2022, 11:26 AM IST
- Global central banks are trying to navigate a path with enough tightening to produce a significant disinflationary impulse with the hope of the smallest output gap loss.
With the Fed funds rate already neutral, one has to expect a swift decline in core PCE this year to near 2% to think the Fed would like to avoid further growth sacrifices. Photo: Unsplash