Consumer Inflation Remains Below Fed Target

The Federal Reserve reportedly wants consumer inflation of about 2 percent per year, as measured by the personal consumption expenditures price index, affectionately known as the PCE. By that standard, Fed policy appears too tight, despite near-zero rates and ongoing QE: Over the past year, the headline PCE (dashed blue line) has increased only 1.0 [...] View the full post at: Consumer Inflation Remains Below Fed Target Related posts: May Consumer Price Index Attack on the Consumer Rolls On July PPI At Its Highest Since 1981