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ECB monetary policy and catch-up inflation | VOX, CEPR Policy Portal

In July, the ECB issued its first Strategic Review since 2003. The latest CfM-CEPR survey investigates one component of the announced policy shift: the new definition of price stability. Most members of the panel of experts on the European economy support the ECB explicitly allowing inflation to exceed its target for extended periods to make up for below-target inflation in
New York United States United Kingdom Bruxelles Capitale San Francisco John Williams
Source: voxeu.org

Росстат отчитался о снижении потребительских цен на 0,01%

Цены на плодоовощную продукцию на минувшей неделе в среднем снизились на 2%, благодаря чему в третий раз в этом году было зафиксировано общее снижение потребительских цен — на 0,01%. При этом стоимость непродовольственных товаров в основном растет,...
South Korea South Korean Armed Forces Of The Republic Average Inflation Average Check Japanese Sea
Source: gazeta.ru

Increase In Core Inflation Won't Be Transitory

Increase In Core Inflation Wont Be Transitory Bad Timing For decades the Federal Reserve anticipated inflation whenever the Unemployment Rate fell to a low level. In 9 of the last 10 recessions since 1954 the Fed hiked the federal funds rate over a period of time until they went too far. The Unemployment Rate subsequently jumped as the economy entered a recession causing the Fed to slash the federal funds rate. This pattern is consistent especially with benefit of hindsight. The one exception...
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How far will yields blow out and stocks fall?

MacroBusiness Access Subscriber Only Content at 9:40 am on February 18, 2021 | 1 comment I noted earlier that the US inflation panic is likely to drive yields higher yet. For how high we turn first to BMO: The selloff in Treasuries appears to have stabilized overnight after 10-year yields reached as high as 1.331% and 30s touched 2.11%. These extremes were accompanied by an elevated volume profile with cash trading at 226% of the 2-week norm and 10s garnering 37% of the trading activity – wit...
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