On 16 September, the Federal Reserve surprised many observers by releasing new forward guidance on interest rates earlier than anticipated. This follows another earlier-than-expected release of its framework review conclusions during the Jackson Hole symposium last month (for details, see our blog post on the
The Federal Reserve released the results of its multiyear framework review alongside a speech by Fed Chair Jerome Powell at the Kansas City Fed’s Economic Policy Forum on 27-28 August. While the announcement came earlier than anticipated, the conclusions were in line with the evolutionary,
A rebound in prices across travel and leisure categories in July 2020 drove the largest increase in core U.S. inflation since January 1991, with the core Consumer Price Index (CPI) increasing 0.6% month-over-month (m/m). This was enough to boost the year-over-year (y/y) rate to 1.57%