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Global Macro Research

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
Chief Economist
Luke Bartholomew
Deputy Chief Economist
James McCann
Deputy Chief Economist

Part of the series:  

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.

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

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