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What Might Inflation Look Like Next Year?
In our baseline scenario, core inflation is 2.6 percent in 2022. If this occurs, core inflation will have averaged 2.4 percent over the last five years, moderately above the Fed’s 2.0 percent inflation target.
How Did Federal Stimulus Recipients Use Their Checks?
Did stimulus payments go to—and were they used by—those who needed them the most? The evidence suggests that this was the case.