by Ben Carlson
A Wealth of Common Sense
The Fed will likely begin cutting interest rates in the months ahead, for good reason.
Last week felt like a victory against high inflation:
[…] We’ve now had no price increases on the overall inflation rate for two months.
Some pundits still aren’t so sure it’s time to take a victory lap just yet.
What about the 1970s?
There was a spike in inflation at the outset of the decade, it fell, then re-accelerated: