Fed: Rates to stay ultra-low even after inflation picks up

Aug 27, 2020
The change will allow the central bank to keep interest rates low even if inflation tops its 2% target.
Federal Reserve Chair Jerome Powell is announcing a major change in policy Thursday that will allow the central bank to keep interest rates low even if inflation tops its 2% target.
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What is CPI, and what exactly does it measure?

Aug 10, 2020
The consumer price index can affect your next raise, and Social Security cost-of-living adjustments are tied to it.
A woman checks out her purchases at a grocery store in New Jersey. CPI tracks the monthly change in the cost of consumer goods and services.
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The Fed rethinks its inflation target

Jan 9, 2018
The Federal Reserve has two main jobs: maximize employment and keep prices stable. That second piece, stable prices, has meant the Fed tries to keep inflation at 2 percent. Former Fed Chair Ben Bernanke made that target the explicit goal about six years ago, but it’s been unofficial far longer than that. Lots of other […]