By OpenMarkets
The Federal Reserve has maintained a 2% inflation target for several years. It is the level that allows the U.S. economy to stay on a healthy economic path, according to the Fed. However, the economy has struggled to meet the target rate in recent years, often settling below 2%. Some Fed economists believe a slightly lower rate marks good economic conditions, and the target may need to be adjusted.
Regardless of where inflation sits, it is important to understand the pressures it is facing, says Jack Bouroudjian. There are two critical reports