U.S. markets close in 1 hour 20 minutes
  • S&P 500

    3,858.22
    +26.83 (+0.70%)
     
  • Dow 30

    31,157.52
    +189.70 (+0.61%)
     
  • Nasdaq

    11,384.54
    +62.30 (+0.55%)
     
  • Russell 2000

    1,720.84
    -20.49 (-1.18%)
     
  • Crude Oil

    98.37
    -1.13 (-1.14%)
     
  • Gold

    1,735.10
    -28.80 (-1.63%)
     
  • Silver

    19.15
    +0.03 (+0.15%)
     
  • EUR/USD

    1.0183
    -0.0087 (-0.85%)
     
  • 10-Yr Bond

    2.9230
    +0.1140 (+4.06%)
     
  • GBP/USD

    1.1925
    -0.0027 (-0.23%)
     
  • USD/JPY

    135.9350
    +0.0930 (+0.07%)
     
  • BTC-USD

    20,334.17
    +511.39 (+2.58%)
     
  • CMC Crypto 200

    440.41
    +4.89 (+1.12%)
     
  • FTSE 100

    7,107.77
    +82.30 (+1.17%)
     
  • Nikkei 225

    26,107.65
    -315.82 (-1.20%)
     

Why US inflation is so hard to diagnose

·7 min read
Why US inflation is so hard to diagnose

At the Fed, hundreds of economists work to provide analysis of economic conditions. Two economic letters from the Federal Reserve Bank of San Francisco (FRBSF) are an example of how tricky it can be to understand how decisions made by governments, companies, and individuals change the economy. One, published in October 2021, provided an early estimate of how federal stimulus would affect inflation, while a second, published this March, tackled the same question with a different approach.