Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 12, 2022

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Wed Jul 13 12:57:18 +0000 2022

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Paul Krugman @paulkrugman

The good news is that I don't think this matters much. The long-term rates that matter for the real economy much more dependent on how high Fed funds eventually goes than on the precise path. The question really is how the Fed reacts if/when the numbers improve 2/ — PolitiTweet.org

Posted July 13, 2022

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Paul Krugman @paulkrugman

Agree with this thread — today's hot inflation number is already out of date, not reflecting falling gasoline prices and other factors that have recently gone into reverse. But hard to imagine that the Fed won't hike by 75 anyway 1/ — PolitiTweet.org

Today’s inflation data showed continued rapid growth in the overall CPI, rising 9.1% year over year. A similar read… https://t.co/Wdx6bUSwhd

Posted July 13, 2022

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Paul Krugman @paulkrugman

If it signals a more dovish turn if, as Josh and I both expect, underlying inflation looks better by the next FOMC meeting, not too much damage will have been done. Markets pricing in much slower inflation looking forward; if this starts to show in real data, we'll be OK 3/ — PolitiTweet.org

Posted July 13, 2022