The rate of inflation in the economy has receded into the shadows.
Central bank policy makers have been experiencing a time where their efforts to jumpstart the economy through “goosing up” actual inflation rates has been falling far short of their targets.
Officials at the Federal Reserve System focus on the price index for personal consumption expenditures (PCE). Right now, the latest information on the rate at which this index is increasing is substantially below the Fed’s target of 2.0 percent.
Furthermore, the current 2019 median projection for the PCE by “Federal Reserve board members