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  • Monetary Policy

    “King Dollar” Is Losing Its Luster

    Dec 18, 2020

    Following several years of relative strength, the US dollar has weakened rather precipitously since the early stages of the coronavirus outbreak. While many ec…

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  • Monetary Policy

    Average Inflation Targeting

    Sep 2, 2020

    The Fed is making a change. The central bank announced last week that it will shift to "average inflation targeting" instead of using a hard inflation target o…

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  • Monetary Policy

    Which Is the Boogeyman, Inflation or Deflation?

    Jun 11, 2020

    The moderate inflation we were experiencing prior to the COVID-19 outbreak has fallen off a cliff.  Yesterday we received word that the Consumer Price Index (C…

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