Will Rate Cuts Push Inflation Higher?
August 24, 2019 at 11:30 AM EDT
By Alex Dryden via Iris.xyz One of the reasons the Fed has justified cutting interest rates is the lack of inflationary pressures in the domestic economy. Indeed, core PCE has averaged just 1.6% over the past decade, below the Fed’s 2% target. However, it may soon find a few rate cuts to be...