{"id":11219,"date":"2014-10-29T16:04:41","date_gmt":"2014-10-29T20:04:41","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=11219"},"modified":"2014-10-29T16:04:41","modified_gmt":"2014-10-29T20:04:41","slug":"surprising-lack-of-inflation-as-unemployment-falls-bank-of-england","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/29\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\/","title":{"rendered":"Surprising lack of inflation as unemployment falls | Bank of England"},"content":{"rendered":"

Sir Jon Cunliffe, Deputy Governor for Financial Stability at the Bank of England:<\/p>\n

\u201cThe big surprise, therefore, for the [Monetary Policy Committee] \u2026 has been the extent to which employment has been able to grow without generating more inflationary pressure through higher pay increases. Understanding why that has happened and how long it will persist is, in my view, now key to deciding policy.\u201d<\/p>\n

One possible explanation may be a longer-than-usual lag between falls in unemployment and pay pressure emerging, which could mean that inflationary pressure is building in the pipeline that will be more difficult to curtail if the Bank does not act now. However, another is that a combination of factors has caused labour supply \u2013 the amount of hours of labour available to the economy \u2013 to be much stronger than in previous recoveries, for example due to the increase in women\u2019s state pension age and changes to the incapacity benefits regime. And the fall in unemployment has included a high number of long-term unemployed, who probably act as less of a drag on pay.<\/p>\n

Yet despite the biggest squeeze on real incomes for nearly a century, there appears to be little evidence that workers are demanding a catch-up in pay, Jon observes, possibly due to a shift in the psychology of UK workers resulting from the sharpness of the recession and the years of austerity that have followed it.<\/p><\/blockquote>\n

Read more at Bank of England | Publications | News Releases | News Release – Monetary policy one year on – speech by Sir Jon Cunliffe<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sir Jon Cunliffe, Deputy Governor for Financial Stability at the Bank of England: \u201cThe big surprise, therefore, for the [Monetary Policy Committee] \u2026 has been the extent to which employment has been able to grow without generating more inflationary pressure through higher pay increases. Understanding why that has happened and how long it will persist … <\/p>\n

Continue reading “Surprising lack of inflation as unemployment falls | Bank of England”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,33],"tags":[1828,3531],"class_list":["post-11219","post","type-post","status-publish","format-standard","hentry","category-inflation-economy","category-uk-europe-countries-regions","tag-inflation","tag-unemployment"],"yoast_head":"\nSurprising lack of inflation as unemployment falls | Bank of England - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Surprising lack of inflation as unemployment falls | Bank of England - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Sir Jon Cunliffe, Deputy Governor for Financial Stability at the Bank of England: \u201cThe big surprise, therefore, for the [Monetary Policy Committee] \u2026 has been the extent to which employment has been able to grow without generating more inflationary pressure through higher pay increases. Understanding why that has happened and how long it will persist … Continue reading "Surprising lack of inflation as unemployment falls | Bank of England"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/29\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-29T20:04:41+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/10\\\/29\\\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/10\\\/29\\\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Surprising lack of inflation as unemployment falls | Bank of England\",\"datePublished\":\"2014-10-29T20:04:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/10\\\/29\\\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\\\/\"},\"wordCount\":264,\"commentCount\":5,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"keywords\":[\"Inflation\",\"Unemployment\"],\"articleSection\":[\"Inflation\",\"UK & Europe\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/10\\\/29\\\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/10\\\/29\\\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/10\\\/29\\\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\\\/\",\"name\":\"Surprising lack of inflation as unemployment falls | Bank of England - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"datePublished\":\"2014-10-29T20:04:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/10\\\/29\\\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/10\\\/29\\\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/10\\\/29\\\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Surprising lack of inflation as unemployment falls | Bank of England\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/thepatientinvestor.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/profile.php?id=61572934660810\",\"https:\\\/\\\/www.instagram.com\\\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\",\"name\":\"ColinTwiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"caption\":\"ColinTwiggs\"},\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/author\\\/colin58s\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Surprising lack of inflation as unemployment falls | Bank of England - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Surprising lack of inflation as unemployment falls | Bank of England - the patient investor","og_description":"Sir Jon Cunliffe, Deputy Governor for Financial Stability at the Bank of England: \u201cThe big surprise, therefore, for the [Monetary Policy Committee] \u2026 has been the extent to which employment has been able to grow without generating more inflationary pressure through higher pay increases. Understanding why that has happened and how long it will persist … Continue reading \"Surprising lack of inflation as unemployment falls | Bank of England\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/29\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2014-10-29T20:04:41+00:00","author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/29\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/29\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"Surprising lack of inflation as unemployment falls | Bank of England","datePublished":"2014-10-29T20:04:41+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/29\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\/"},"wordCount":264,"commentCount":5,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"keywords":["Inflation","Unemployment"],"articleSection":["Inflation","UK & Europe"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/29\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/29\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/29\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\/","name":"Surprising lack of inflation as unemployment falls | Bank of England - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"datePublished":"2014-10-29T20:04:41+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/29\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/29\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/29\/surprising-lack-of-inflation-as-unemployment-falls-bank-of-england\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Surprising lack of inflation as unemployment falls | Bank of England"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5","name":"ColinTwiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","caption":"ColinTwiggs"},"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-2UX","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":38388,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/10\/29\/australia-inflation-the-rba-cash-rate\/","url_meta":{"origin":11219,"position":0},"title":"Australia: Inflation & the RBA cash rate","author":"Colin Twiggs","date":"October 29, 2022","format":false,"excerpt":"The consumer price index grew at 7.3% for the 12 months to September, highlighting that Australia is not immune from the high inflation that has beset global economies. Bill Evans (Westpac) calls for a 50 basis point hike at the RBA's November 1st meeting: \"During this period of rising inflation\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62781,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/10\/18\/lax-fiscal-policy-is-the-root-cause-of-inflation\/","url_meta":{"origin":11219,"position":1},"title":"Lax Fiscal Policy is the Root Cause of Inflation","author":"Colin Twiggs","date":"October 18, 2025","format":false,"excerpt":"Key Points A recent Bank of England study highlights the importance of responsible fiscal policy in controlling inflation. A recent paper from Michael Bordo, Oliver Bush, and Ryland Thomas at the Bank of England argues that loose fiscal policy is the root cause of inflation rather than lax monetary policy.\u2026","rel":"","context":"In "Deficit Spending & Employment"","block_context":{"text":"Deficit Spending & Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"UK Inflation Spike in the 1970s","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-10-17-uk-inflation2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-10-17-uk-inflation2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-10-17-uk-inflation2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-10-17-uk-inflation2.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":40439,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/01\/20\/retail-sales-and-low-unemployment-warn-of-more-rate-hikes\/","url_meta":{"origin":11219,"position":2},"title":"Retail sales + low unemployment = more rate hikes","author":"Colin Twiggs","date":"January 20, 2023","format":false,"excerpt":"Retail sales fell 1.1% in December but remain well above the long-term trend. Even after adjustment for inflation. No wonder, when consumers are sitting on a huge pile of cash, with bank deposits roughly $3 trillion above the long-term trend. Unemployment, at 3.5% in December, is at its lowest level\u2026","rel":"","context":"In "GDP and Activity"","block_context":{"text":"GDP and Activity","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/gdp-and-activity\/"},"img":{"alt_text":"Advance Retail Sales excluding Motor Vehicles & Parts","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-01-18-retail.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-01-18-retail.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-01-18-retail.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":31033,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/02\/18\/inflationary-pressures-to-continue\/","url_meta":{"origin":11219,"position":3},"title":"Fed monetary policy and the stagflation threat","author":"Colin Twiggs","date":"February 18, 2022","format":false,"excerpt":"January retail sales (excluding motor vehicles and parts) are still way above trend -- at $517 billion compared to $445 billion -- indicating continued upward pressure on consumer prices. Despite buoyant retail sales, consumer sentiment has fallen to recession levels. The University of Michigan consumer sentiment survey fell below 70\u2026","rel":"","context":"In "Deficit Spending & Employment"","block_context":{"text":"Deficit Spending & Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"Retail Sales","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-02-18-retail.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-02-18-retail.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-02-18-retail.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-02-18-retail.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":47193,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/13\/has-inflation-been-tamed\/","url_meta":{"origin":11219,"position":4},"title":"Has inflation really been tamed?","author":"Colin Twiggs","date":"January 13, 2024","format":false,"excerpt":"The Wall St Journal last month predicted that inflation will finally return to normal in 2024 but are they correct? Has Fed monetary policy tamed inflation or is there something else afoot? Consumer Prices The consumer price index lifted to 3.3% for the 12 months to December, while core CPI\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"CPI & Core CPI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-12-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-12-cpi.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-12-cpi.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":7732,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/12\/the-monetary-policy-revolution\/","url_meta":{"origin":11219,"position":5},"title":"The monetary policy revolution","author":"ColinTwiggs","date":"May 12, 2013","format":false,"excerpt":"James Alexander, head of Equity Research at UK-based M&G Equities, sums up the evolution of central bank thinking. He describes the traditional problem of inadequate response by central banks to market shocks like the collapse of Lehman Brothers: Although wages hold steady when nominal income falls, unemployment tends to rise\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/11219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=11219"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/11219\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=11219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=11219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=11219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}