Managing inflation expectations will be a key challenge in the coming year, says Daniel Mahoney When does a prophecy become a reality? Since the 1970s, it has been conventional wisdom that the key to ...

Inflation has come down a long way from the post-pandemic peak above 8%. But it has also been above the Federal Reserve’s 2% goal for a half-decade, spurring concerns that expectations for higher ...

Higher inflation expectations could keep prices elevated despite a ceasefire, complicating the Fed’s path back to its 2% ...