Business As Usual? Firm Activity Compared to Pre-Covid Levels and Implications for Monetary Policy

December 20, 2023

As we enter 2024, an important question facing policymakers is whether the constellation of economic indicators have returned close enough to “normal” levels to merit a reconsideration of the monetary policy stance. On average, firms’ expected price and revenue growth remain somewhat higher than their pre-pandemic levels, though expectations for these measures have declined markedly from their peaks. Read more in Research & Commentary >

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