Chicago Federal Reserve President Austan Goolsbee says that although the Fed will take its time reducing interest rates, the end result will be much lower rates if inflation stays near the Fed’s target.

Congratulations to Paychex and Bristol Myers Squibb!

Congratulations to Bristol Myers Squibb, GE HealthCare, and Hitachi!

The 3.6% annualized rate of growth in the core CPI underscores the slow and frustrating nature of the battle against inflation.