Paul Krugman

@paulkrugman ↗

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Last Checked April 3, 2023

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Tue Mar 14 13:13:08 +0000 2023

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Paul Krugman @paulkrugman

My story for where we are: inflation came down substantially with no significant rise in unemployment, suggesting a near-vertical Phillips curve, but economy is still running too hot to get it down to target. 2/ — PolitiTweet.org

Posted March 14, 2023

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Paul Krugman @paulkrugman

CPI not great but not grim. Supercore — ex food, energy, shelter and used cars — ticked up a bit on 3-mo basis, but it's fairly noisy; should be set against wages last week, which were mildly encouraging 1/ https://t.co/EWvkjCkYvz — PolitiTweet.org

Posted March 14, 2023

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Paul Krugman @paulkrugman

Two risks are a "no landing" scenario, in which economy just doesn't cool off, and an "air pocket" scenario in which past rate hikes finally hit construction employment hard. Absent SVB Fed would probably just keep gradual hiking; maybe even with SVB 3/ — PolitiTweet.org

Posted March 14, 2023