But things are about to change. Inflation will soon be very low. It may even fall close to zero. CPI inflation has been above the Bank of England’s 2.0% target since May 2021. At one point in ...
In the short run, then, high inflation goes along with low unemployment and low inflation goes with high unemployment. That inverse relationship is captured in the Phillips curve, which is a ...
U.S. stocks finished mixed after the head of the Federal Reserve said the cuts to interest rates that Wall Street craves so much are still likely, even if they're delayed because of stubbornly high in ...