German and Spanish industrial production

Lessening Confidence that U.S., European, or Japanese Central Banks Will Ease Monetary Policy Soon or By Much

November 7, 2023

A big takeaway from the 1970s is that inflationary periods evolve in waves when monetary policy is sensitive to signs of weakening growth. That is why central bankers for the past year have been emphasizing a need not just for actual and expected price deceleration but strong confidence that inflation will return all the way […] More