Thanks to the Labor Department, we got a read Tuesday on the state of the U.S. Economy. The latest Consumer Price Index indicates inflation is up.
Federal Reserve policymakers, who are meeting in Washington Tuesday and Wednesday, will pay close attention to that report, although they view it through a different lens than the rest of us.
The Fed wants to get ahead of inflation, because when the Fed changes its policies, that doesn’t have an immediate effect. “It’s a long and variable lag process,” says Kevin T. Jacques, a professor of finance at Baldwin Wallace University. “It just takes a lot of time.”
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Give today and get our limited edition tote.