Rate cuts with little risk? The unexpected taming of US inflation.
Inflation – the rip-roaring variety that skyrocketed prices in the 1970s and shrunk pay raises to irrelevance – has gone missing for a long time in the United States.
Even in boom times, like now, price rises have been tame. And no one is quite sure why.
Against this backdrop, the Federal Reserve today cut interest rates for the first time since the Great Recession a decade ago. It’s a sign that the central bank is far more worried about the economy slipping back into recession than high inflation rearing
