German companies exported more In 2016, German companies exported more than ever before. They were assisted by the worldwide network of the German Chambers of Commerce Abroad (AHKs), delegations and representatives of German business, at more than 130 locations in more than 90 countries. The AHKs are competent service providers,Read More →
Verge of rising more Although acyclical inflation has been low on average over the past several years, there is building evidence that it may be on the verge of rising more sustainably. First, the sharp depreciation in the trade-weighted dollar since its recent highs in early 2017 should help liftRead More →
Behavior of inflation We take a closer look at the behavior of inflation for acyclical items over time. Our analysis has three primary conclusions. First, acyclical items are a key driver of the slope of the Phillips curve over time. The Phillips curve “works” during periods when inflation for acyclicalRead More →
Acyclical inflation Inflation data over the past year – and especially over the past week – have highlighted a critical point. Fluctuations in inflation rates for items that are typically insensitive to the busi-ness cycle — which we refer to as acyclical, such as health care and apparel — canRead More →
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