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Martin Wolf

Why inflation is proving sticky on both sides of the Atlantic

What matters is not what is happening right now, but what will happen in the months or even years ahead, as past policy works through the system.

Martin WolfColumnist
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The course of disinflation never does run smooth.

At the end of last year, futures markets had priced in six interest rate cuts for the US in 2024. My own expectations had also become quite optimistic.

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Financial Times

Martin Wolf is chief economics commentator at the Financial Times, London. He was awarded the Commander of the British Empire in 2000 “for services to financial journalism”.
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    Original URL: https://www.afr.com/policy/economy/why-the-ecb-will-cut-rates-before-the-fed-20240424-p5fmbb