Why Has Inflation Been So Subdued?

Why Has Inflation Been So Subdued?

By Blu Putnam, Chief Economist, CME Group

Highlights

  • Fed rate-rise path in 2018 will depend on the pace of inflation
  • U.S. core inflation has been subdued since 1994
  • Inflation expected to inch higher in 2018, nothing dramatic
  • Fed will watch yield curve, avoid flattening it too much
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