Wall Street

The Week Ahead: Core inflation may have peaked, but still well-above Fed’s target

Published by
Miami Herald

The high price of gasoline doesn’t really matter to the Federal Reserve’s fight against inflation. That’s the stark reality as American drivers face $5 gallon gasoline and investors become convinced an economic recession is close, if not already here. The central bank is essentially helpless in the effort to bring down energy prices. Russia’s war in Ukraine, high demand and stagnant production are immune to the Fed raising interest rates to attack inflation. That’s why, even though total inflation will continue to be painfully high, the Fed’s focus will fall on core inflation when the May Pers…

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