Inflation uncertainty spills over into US – Fed study
Lack of clarity over input costs and interest rates leads to lower levels of investment, study finds
Uncertainty about the path of inflation abroad has spillover effects within the US, according to research from the Federal Reserve Board.
The study, published on January 16, says high levels of uncertainty about inflation abroad leads to greater uncertainty within the US about the path of domestic inflation. This leads to reduced levels of domestic investment, which results in lower levels of industrial production.
The authors – Thomas Li, Juan Londono and Sai Ma – say uncertainty about input
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