Posted 12/15/2023, 8:29:55 PM
Inflation Slowing but Prices Stay High as Fed Seeks Elusive Soft Landing
- Inflation is slowing but prices are still higher than a few years ago and likely won't go back down
- Widespread deflation could have massive economic consequences like unemployment
- Some goods less sensitive to labor costs are getting cheaper, like gas and eggs
- Prices for services relying more on labor have remained high
- The Fed aims to slow inflation to 2% without triggering deflation; this is called "disinflation"