Tag: Federal Reserve inflation target
Inflation Gauge Rises to 2.3% Annually: Fed’s Preferred Target Met
Inflation has increased to 2.3% annually, hitting the Federal Reserve's preferred target as reported by the Commerce Department on Wednesday. The personal consumption expenditures price index, which is the Fed's preferred measure of inflation,...
What to Expect from the Fed’s Inflation Indicator Released on Friday
Federal Reserve officials are eagerly awaiting the release of the latest inflation indicator on Friday, which could potentially influence their upcoming rate decision in September. The Commerce Department is set to release the personal...