Re:US annual inflation declines to 7.1% in November vs. 7.3%...
by Retric on Tuesday December 13, 2022 @12:13PM
(#33971925)
This inflation concern is interesting in light of recent statements: “In August 2020, after undershooting its 2% inflation target for years, the Fed announced it would be allowing inflation to temporarily rise higher, in order to target an average of 2% over the longer term.” https://en.wikipedia.org/wiki/History_of_monetary_policy_in_...
Anyway, these numbers are appropriately 4 to 5% closer to the target than expected assuming they can be calculated this precisely it’s a meaningful difference.
Anyway, these numbers are appropriately 4 to 5% closer to the target than expected assuming they can be calculated this precisely it’s a meaningful difference.