Hold the Champagne on the economy ...Middle East

There is good news and bad news about today’s U.S. economy. The good news is that inflation is moderating towards the Federal Reserve’s 2 percent inflation target, and the once overheated labor market is now finally cooling. The bad news is that we are yet to see the full effect on the economy of the Fed’s aggressive round of interest rate hikes and to experience the fallout from the bursting of the commercial real estate bubble. This suggests that it is premature for the Fed to declare victory in its goal of a soft economic landing. If there is one thing we know about monetary policy, it is that it operates with long and variable lags of between 12 and 18 months. This means that it

Hence then, the article about hold the champagne on the economy was published today ( Monday 11/12/2023 - 04:04 PM ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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