AI is 'absolutely useless' at forecasting inflation. This proven model is 12 times more accurate.

A “low-tech” tool from the Cleveland Fed consistently outperforms generative AI, which has struggled to provide reliable ...
Crain's Cleveland Business

Inflation takes three years to fall to 2% in Cleveland Fed model

Inflation may not return to the U.S. central bank’s 2% target until mid-2027, according to research from Federal Reserve Bank of Cleveland. That’s because the inflationary impacts of pandemic-era ...
The Economist

The war in Iran has sent American inflation sharply higher

T he war against Iran that America and Israel launched two months ago caused a surge in oil prices, which could reignite ...
Morningstar

Why We Expect Inflation to Fall in 2024

Overall PCE inflation was 2.3% year over year as of August 2024, with core PCE inflation at 2.7%. After soaring to 6.5% in 2022 and 3.7% in 2023, PCE inflation should post an annual average of 2.4% in ...

Forget 3.5% Inflation, Try 5.7% Without Manipulation

The Federal Reserve’s preferred measure of inflation has, since 2000, used calculations that understate the impact on ...
The New York Times

With Inflation This High, Nobody Knows What a Dollar Is Worth

Strong reactions to rising prices and misunderstandings about the value of money are rampant, our columnist says. By Jeff Sommer Jeff Sommer writes Strategies, a weekly column on markets, finance and ...