Matt Phillips


Matt Phillips writes about finance, markets and economics. He worked at The Wall Street Journal for seven years, most recently covering the aftermath of the Great Recession and the relentless descent of U.S. interest rates. Other descents he covered at the Journal include the January 2009 splashdown of U.S. Airways Flight 1549 into the Hudson River and Hillary Clinton’s bid for the Democratic presidential nomination in 2008. Matt caught the markets bug as lead writer for the Journal’s MarketBeat blog, which he helped turn into one of the most heavily trafficked web properties at the Journal. He spends much of his time trying to force bankers, traders and economists to speak comprehensible English.

Deflation is still a problem

Deflation be damned, the US Federal Reserve is going for liftoff in December. Liftoff, of course, is the much-awaited first increase in short-term interest rates…

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