Your English writing platform
Discover LudwigExact(1)
The central bankers' preferred inflation gauge, the deflator for personal consumption expenditures, excluding the volatile categories of fuel and food, rose at an annual rate of 2.3% in the third quarter, down from 2.7% in the second quarter.Slower growth and easier inflation: so far, so good, the Fed may think.
Similar(59)
The government works to make business's life easier by keeping inflation down and trimming regulation.
"It is easier to control inflation if the public has the same rule of thumb as the central bank.
But the Fed, which has always said it is easier to prevent inflation than to eradicate it after it has infected the economy, justified its action as a necessary vaccination.
Ever since the wrenching experience with stagflation in the late 1970s, the rule of thumb in monetary policy has been that revving up a slow economy is far easier than slowing inflation once it becomes entrenched.
Two items still require legislative approval: a tax on financial transactions (on which the government hopes voting will be completed later this month), and a law to require the armed forces to pay pension contributions.Officials admit that reaching the fiscal target will be made easier by higher inflation, since it erodes the real value of public spending.
Any move too small to alter investors' expectations could draw in more short-term capital and add to inflationary pressures.With capital so mobile and America's monetary policy so loose, emerging economies have no easy fix for inflation.
And German voters remain allergic to easy money and inflation.
While the Fed has generally maintained an easy money policy, inflation has remained dormant; some of the Fed's inflation hawks have even become doves.
A chorus of economists has warned that the Fed has unleashed too much easy money, feeding inflation and driving down the dollar.
"Thus there is a risk, however small, that once that nudge takes hold, it may not be easy to cap inflation and inflationary expectations at levels that are still broadly compatible with price stability".
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com