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S3T.ORG - Oct 9 Indigenous People, Climate Change Crossfire, Macro Regime Change, Ferguson Pattern, Pickled Peppers...

S3T.ORG - Oct 9 Indigenous People, Climate Change Crossfire, Macro Regime Change, Ferguson Pattern, Pickled Peppers...
Burning Bridges Digital Mixed Media RCP 2022

Inflation

Unemployment fell to 3.5%, causing markets to drop on fears of more aggressive rate hikes from the Fed, reinforcing the narrative that inflation worse (and more stubborn) than originally thought:

Where did we get the 2% the Inflation Target Anyway?

From New Zealand. The full story illustrates what a "small world" central banking can be. Ā 

Concern is mounting that the Fed's zeal to hit its 2% inflation target will cause it to overcorrect, and even Fed officials seem to be diverging in their views on how to proceed. As Adam Tooze worries, Fed policymakers are driving a polycrisis that may ultimately burn bridges with nations deeply impacted by the strong dollar - nations who have to date enabled the US dollar's status as the world's reserve currency. Ā 

The Economist sanguinely predicts policymakers will abandon the 2% target. Others question the validity of the 2% inflation target as this FT piece illustrates (with helpful context on why the target is so problematic).

Enter the new (not so new) buzzphrase "Macro Regime Change"...

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