Joker@sh.itjust.works to News@lemmy.worldEnglish · 14 days agoFederal Reserve cuts its key interest rate by a quarter-point amid postelection uncertaintyapnews.comexternal-linkmessage-square38fedilinkarrow-up1129arrow-down13
arrow-up1126arrow-down1external-linkFederal Reserve cuts its key interest rate by a quarter-point amid postelection uncertaintyapnews.comJoker@sh.itjust.works to News@lemmy.worldEnglish · 14 days agomessage-square38fedilink
minus-squareSeaJ@lemm.eelinkfedilinkarrow-up6·14 days agoInflation is down to 2.4%. We are fairly close to the Fed’s target of 2%.
minus-squaren2burnslinkfedilinkarrow-up6arrow-down1·13 days agoWhich is a made up target with a wide margin. Many economists think a stable inflation rate might be 3% or higher! So 2.4% might already be on target.
Inflation is down to 2.4%. We are fairly close to the Fed’s target of 2%.
Which is a made up target with a wide margin. Many economists think a stable inflation rate might be 3% or higher! So 2.4% might already be on target.