US Fed should watch inflation. It could follow current economic upswing with a lag

Moderating core inflation shouldn’t, on its own, be enough to give Fed officials confidence that their job is done. Inflation will ultimately follow the trajectory of economic growth, which continues to surprise on the upside in the US. In this scenario, the Fed should consider further tightening of​ policy regardless of inflation forecasts for the rest of this year

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​ Moderating core inflation shouldn’t, on its own, be enough to give Fed officials confidence that their job is done. Inflation will ultimately follow the trajectory of economic growth, which continues to surprise on the upside in the US. In this scenario, the Fed should consider further tightening of​ policy regardless of inflation forecasts for the rest of this year Moderating core inflation shouldn’t, on its own, be enough to give Fed officials confidence that their job is done. Inflation will ultimately follow the trajectory of economic growth, which continues to surprise on the upside in the US. In this scenario, the Fed should consider further tightening of​ policy regardless of inflation forecasts for the rest of this year  Moneycontrol Latest News Read More