Inflation

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Indonesia, host for the G-20 finance meeting, issued the statement as the group could not reach consensus on several issues and didn't issue a joint communique. ...
Asked about their economic outlook, 52% of voters predicted it would get worse over the next year – split evenly between the 26% who said it will get “a little” and “a lot” … ...
Deficit reduction isn’t normally thought of as an inflation-fighting tool but could be more potent right now because “it would go with the grain of what the Fed was doing,” former chair of the Council of Economic Advisers Jason Furman said. ...
The FOMC cannot simultaneously commit to a specific policy and to being data-dependent. ...

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