The 2% Goal
Central bankers believe that by setting an inflation target, they establish credibility for themselves and help individuals and businesses plan in ways that will help to keep inflation under control.
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Powell's Patient Summer
Federal Reserve Chair Jerome Powell expressed cautious optimism about the state of inflation and the potential for interest rate adjustments in the near future during a panel discussion with other central bankers at a conference in Portugal.
Inflation Is Sticky
Achieving a decisive victory over inflation is turning out to be more elusive than previously anticipated, presenting a significant challenge for central banks worldwide and casting doubt among markets.
Profits-Led Inflation
Last year's inflation surge was largely driven by exceptional corporate profits, but a notable shift is now occurring as consumers resist, leading to a rapid easing of this pressure.
Central Banks Walk A Narrow Path Between Growth And Inflation
With a 40-year high in inflation, the Fed raised its benchmark interest rate by half a percentage point on Wednesday. Additional half point increases are expected in June and July with the market expecting rates in the 2.75%-3% range by year end, from a range of 0.75%-1% today.