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This Inflation Defies the Old Models
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Last April, economists thought inflation would be around 2.5% right now. Instead, it’s over 6%. Even by the forgiving standards of economic forecasting, that’s a miss of epic proportions.
Explanations come in two schools. The demand school blames President Biden and the Federal Reserve for administering too much stimulus.
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Canada Renews Central Bank’s Inflation-Targeting Mandate wsj.com /2 years ago
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