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Global Macro Research

Macro Bytes

Macro Bytes: Will the last mile of inflation be the hardest?

In this episode, we discuss the rising US inflation in January and the challenges of bringing inflation back to the target.

Authors

Paul Diggle

Paul Diggle

Chief Economist

Luke Bartholomew

Luke Bartholomew

Deputy Chief Economist

James McCann

James McCann

Deputy Chief Economist

US Capital Building

Part of

Macro Bytes

Duration: 32 Mins

Date: 22 Feb 2024

US inflation picked up in January, and there are lingering concerns that the “last mile” of bringing inflation back to target will be the most difficult.

Paul Diggle and Luke Bartholomew talk to James McCann about the drivers of US inflation, the positive supply-side shocks that made the initial decline in inflation so rapid, the 1970s experience that might be weighing on policymakers, and whether the US is at risk of a fiscal crisis.

transcript

You can also listen to this podcast on: Macro Bytes on Apple Podcasts & Google Podcasts.

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Risk warning

The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not a guide to future results.