Will the last mile of inflation be the hardest?
Macro Bytes
English - February 22, 2024 14:00 - 33 minutes - 23 MBInvesting Business News Politics politics economics news fiscal policy investments innovation financial services finance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: What's been holding the German economy back?
Next Episode: Will China hit its new growth target?
US inflation picked up in January, and there are lingering concerns that the “last mile” of bringing inflation back to target will be the most difficult.
Paul Diggle and Luke Bartholomew talk to James McCann about the drivers of US inflation, the positive supply-side shocks that made the initial decline in inflation so rapid, the 1970s experience that might be weighing on policymakers, and whether the US is at risk of a fiscal crisis.