Cycle Watch | April 2024: Hot inflation should delay rate cuts
Stubbornly high inflation will likely delay rate cuts this year.
Cycle Watch | July 2023 Recession still on hold
July 14, 2023
By Mark Hackett
By Ben Ayers
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This time last summer, inflation had surged to a 40-year high of 9.1%, with everyday essentials becoming more expensive. Since then, inflation has dropped sharply to 3%, its lowest point in two years, but still higher than the Fed’s 2% target rate. Yet still, this is some of the most hopeful news since the Fed began its tightening policy early last year that it can pull off a soft landing for the economy.
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