Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for inflation over different periods. The decade of low inflation after the Great ...

We have been on inflation watch all year, bracing for the Administration’s new tariff policies to create a classic negative aggregate supply shock on the economy. A supply shock occurs when production ...

Supply- and Demand-Driven PCE Inflation updates data on the contributions to personal consumption expenditures (PCE) inflation from supply-driven versus demand-driven components. This tool is intended ...