immaculate disinflation

plural immaculate disinflations

1. uncountableusuallyeconomicsA situation where inflation decreases without a corresponding increase in unemployment or a slowdown in economic growth.First known use c. 2022

   So, although the Steelers’ Immaculate Reception took mere seconds, the Fed’s attempt at an Immaculate Disinflation will take many more months to play out.

   2022 September 1, Matthew Slaughter, Matthew Rees, “The Quest for the Immaculate Disinflation”, in Center for Business, Government & Society, archived from the original on 04 May 2024

   3 more examples

   The window for a soft landing caused by “immaculate disinflation” appears to be closing rapidly, with the odds of a hard landing or recession climbing with each successive Fed rate hike. Market participants should not assume disinflation will be a straight downward line but rather a longer, slower grind toward the Fed’s preferred inflation target of 2%.

   2023 February 22, Mark Hackett, Ben Ayers, “Immaculate disinflation: A long way to lower inflation”, in Nationwide Financial, archived from the original on 04 May 2024

   While some have labeled this unusual pattern “immaculate disinflation,” CEA has argued that a likely explanation is straightforward: normalization of the economy’s supply side. The rise in inflation earlier in the pandemic was driven by two primary factors: pandemic-driven supply-chain bottlenecks and strong consumer demand, which includes compositional shifts in demand from goods to services.

   2023 November 30, “Disinflation Explanation: Supply, Demand, and their Interaction”, in White House, archived from the original on 23 Jan 2024

   He added that immaculate disinflation wrongly suggested that the trend was unexplainable, when “disinflation is primarily due to the fading economic fallout from the pandemic and Russian war in Ukraine”. That, he said, “was predictable”.

   2024 March 19, Valentina Romei, “Central bankers see ‘immaculate disinflation’ within reach”, in Financial Times, archived from the original on 20 Mar 2024