May 2023 Macro and Market Musings: Monetary Policy and Inflation
May 17, 2023 Since early 2022, the Federal Reserve has been raising its policy interest rate at breakneck speed by a full five percentage points. Inflation has indeed subsided a bit, but both price levels and percentage changes remain stubbornly high. When will inflation finally go back to normal? What’s the path forward for monetary … Continue reading May 2023 Macro and Market Musings: Monetary Policy and Inflation