Archive for August 2022

Growth, Inflation & Policy INFLATION TRENDS Cleveland Fed inflation nowcast for July is currently at 8.9% Y/Y, not providing significant relief from June’s surprise upside surprise of 9.1%. Inflation needs to come in below 0.5% in July M/M in order to decelerate. For reference, for CPI to subside to 5% Y/Y, inflation needs to come…