US Inflation Cools Offering Hope Fed Can Wrap Up Hikes
Bloomberg Businessweek
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The Base Effects of Higher Rates on the Economy
Raphael: You've got to give these lags time, right? If they're supposed to take 12 to 18 months, it's only been a year or a year and a half of increases. Another reason to be wary building on what Mike was saying there is that the so-called base effects are going to start to get a lot less favorable going forward. We're right now at the peak of where we're comparing to June 2022 when inflation was at the high.
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