Surprising Strength There’s plenty to potentially weigh on the world economy this year: persistent inflation, high interest rates, economies teetering at the brink of recession, war, and concerns about energy costs. But according to the International Monetary Fund, there’s reason to be optimistic. The institution raised its global growth forecast this week, partly because of…Read more
A Tale of Two Landings There has been a lot of talk about the Fed sticking a “soft landing”, in which inflation moderates in response to tight monetary policy but the economy avoids a recession. With each data point showing the prowess of the U.S. economy – see last week’s Q4 GDP report, for example…Read more
Data Divergence Housing costs are a huge part of the average American’s budget. But the data on rent growth is wonky, painting a confusing picture for policymakers. In recent months, private-sector data like Zillow’s (Z) Observed Rental Index has shown a deceleration in the cost of new leases for houses and apartments. But inflation measures…Read more
