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Where Might Inflation Head?
Abstract: Excess savings created from past federal aid indicate consumption will likely remain high. This suggests inflationary pressures may persist despite the Fed’s tightening.
Keywords: inflation; excess savings;
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https://www.stlouisfed.org/on-the-economy/2023/may/where-might-inflation-head
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Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2023-05-09