◀ The Principal Blog

No inflation surprises!



Since the global financial crisis, inflation hasn’t behaved as many economists and market prognosticators predicted. For example, core inflation, which removes the volatile food and energy component and is the preferred measure of price changes by economists, has been consistently low. This lack…

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Staying on pace: Fed raises interest rates



As anticipated, the U.S. Federal Reserve (Fed) raised the fed funds rate by 25 basis points today – from 0.75% to 1.0%. The Fed’s policy statement and Chair Yellen’s press conference emphasized that the economy is headed around their anticipated pace, and we can likely expect two more rate…

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