MIKE DOLAN: Narrative shifts to inflation undershoot amid focus on soft landing
Abounding phrases such as ‘immaculate disinflation’ raise questions about whether price dynamics have changed much
20 July 2023 - 05:00
London — This is no normal economic cycle and pity the poor forecaster.
For policymakers, investors or market traders, it has been a bruising few years. Unprecedented shocks and an outsize inflation spike have tied the economics world in knots — mainly trying to assess what will be durable once the dust settles...
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