Commodity prices often provide valuable information about future inflation. But commodity price indexes can’t predict inflation by themselves.
Adam M. Zaretsky
What Nathan Detroit sang about a floating craps game in Guys and Dolls, he never intended people to take him literally. Today, however, we’ve done just that, as casinos dot the nation’s waterways, especially in the river-rich Eighth District.
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Fed in Print: An index of the economic research conducted by the Fed.