U.S. inflation moderated in January from historic highs, but two Northeastern experts say the economy has a ways to go before it is reigned in.
The consumer-price index, a measure of inflation, climbed 6.4% in January from a year earlier, and is down from 6.5% in December, the Labor Department said Tuesday. The report marked the seventh straight month of cooling in annual inflation since it peaked at 9.1% in June, the highest reading since 1981.
“I have a rather pessimistic interpretation of it,” says William Dickens, a professor of economics and public policy at Northeastern University. “We still have some ways to go to bring inflation down.”
Dickens suspects that the Federal Reserve is not happy with the…
