Economy

The economic indicator screaming that inflation is not vanquished

By Joseph Lawler
Published December 15, 2023 10:00am ET
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The economic indicator screaming that inflation is not vanquished
One economic indicator is signaling inflation is not at all conquered and that the Federal Reserve’s monetary policy is still far too loose. The statistic in question is nominal gross domestic product, or NGDP, growth — that is, the growth of economic output before adjusting for inflation. BIDEN ADMINISTRATION ANNOUNCES MEDICATIONS FOR MEDICARE REBATE PROGRAM […]

One economic indicator is signaling inflation is not at all conquered and that the Federal Reserve’s monetary policy is still far too loose.

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