I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the Fed’s shifting perspective on interest rates. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.
In both economic data and policy signaling, last week marked a turning point in the Federal Reserve’s battle to end the worst bout of inflation in the US since the early 1980s.