mastodon 4.7.2The Center for Economic and Policy Research promotes democratic debate on the most important economic & social issues that affect people's lives.
If health care costs followed the projected growth path, it would devastate the #economy. We've dodged the worst projections by the 1990s Peter Peterson gang and, more recently, by CBO.
https://cepr.net/the-crushing-health-care-cost-burden-that-never-came/
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Today's #CPI is lower than expected, and the core CPI is trending downward.
Inflation hasn't become embedded in services, as many had predicted. The Fed should take stock and take a break from further hikes.