Inflation
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Why Didn’t 2008 Bank Bailouts Produce COVID-Level Inflation?
Washington responded to two crises with extraordinary monetary and fiscal interventions. Why did COVID-era stimulus produce soaring inflation when the response to the 2008 financial crisis did not?
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Revised Inflation Data Don’t Change the Fed’s Job
The BEA’s annual revisions shaved a few tenths off the rate of inflation. But spending levels suggest the Fed’s fight is far from over.
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Business Conditions Monthly July 2026
Consumers are still spending and businesses are still investing, but housing and hiring have faltered. Growth is uneven and increasingly dependent on a few capital-intensive sectors.
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The Fed Finally Raised Rates. Now Comes the Hard Part.
Inflation has been above target for 65 months. The Fed took a first step, but to restore stability, tightening must continue.
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Hidden from CPI, These Costs Are Eating Away at Real Wages
Official inflation calculations exclude taxes and asset prices. Add them in, and three decades of modest paycheck gains become losses.
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Warsh’s First Test: Will the Fed Follow the Rules?
Monetary rules indicate interest rates are too low. September’s FOMC meeting offers an opportunity for the Fed to correct course.
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AIER Everyday Price Index Rises Again, Showing Household Budgets Under Pressure
Inflation has stalled well above the Fed’s target. The last mile may prove the hardest, and affordability feels more distant than ever.
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•
The Fed’s Mortgage Policy Made Homeownership Cost More
The Fed’s mortgage-market policy rewarded existing homeowners, but raised the price of entry for first-time and future buyers.
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Why CPI Ignores Homes, Stocks, and the Cost of Getting Ahead
Capturing only what households consume, inflation stats miss the assets they hope to own. Recent inflation has rewarded existing owners at the expense of aspiring ones.
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•
Bond Markets Are Losing Patience — And Putting Governments on Notice
Rising yields are turning sovereign debt from an abstract fiscal problem into an immediate budget constraint.
-
•
Why Didn’t 2008 Bank Bailouts Produce COVID-Level Inflation?
Washington responded to two crises with extraordinary monetary and fiscal interventions. Why did COVID-era stimulus produce soaring inflation when the response to the 2008 financial crisis did not?
-
•
Revised Inflation Data Don’t Change the Fed’s Job
The BEA’s annual revisions shaved a few tenths off the rate of inflation. But spending levels suggest the Fed’s fight is far from over.
-
•
Business Conditions Monthly July 2026
Consumers are still spending and businesses are still investing, but housing and hiring have faltered. Growth is uneven and increasingly dependent on a few capital-intensive sectors.
-
•
The Fed Finally Raised Rates. Now Comes the Hard Part.
Inflation has been above target for 65 months. The Fed took a first step, but to restore stability, tightening must continue.
-
•
Hidden from CPI, These Costs Are Eating Away at Real Wages
Official inflation calculations exclude taxes and asset prices. Add them in, and three decades of modest paycheck gains become losses.
-
•
Warsh’s First Test: Will the Fed Follow the Rules?
Monetary rules indicate interest rates are too low. September’s FOMC meeting offers an opportunity for the Fed to correct course.
-
•
AIER Everyday Price Index Rises Again, Showing Household Budgets Under Pressure
Inflation has stalled well above the Fed’s target. The last mile may prove the hardest, and affordability feels more distant than ever.
-
•
The Fed’s Mortgage Policy Made Homeownership Cost More
The Fed’s mortgage-market policy rewarded existing homeowners, but raised the price of entry for first-time and future buyers.
-
•
Why CPI Ignores Homes, Stocks, and the Cost of Getting Ahead
Capturing only what households consume, inflation stats miss the assets they hope to own. Recent inflation has rewarded existing owners at the expense of aspiring ones.
-
•
Bond Markets Are Losing Patience — And Putting Governments on Notice
Rising yields are turning sovereign debt from an abstract fiscal problem into an immediate budget constraint.