As per Summers Group, US inflation is closer to 1980 peak than previously
According to the analysis, the core CPI in June 1980 was 9.1 percent, not 13.6 percent. According to the paper, more pain may be required to stop inflation now. Fresh analysis of historical price data suggests that US inflation is running much closer to its 1980 peak, implying that the Federal Reserve’s mission of bringing … Read more