Fed indicates it will let inflation run above 2 percent goal for 'temporary period'

cnbc ^

[i_robot73]

>
I suppose that would teach the kid a lesson.

Indeed!

The banks still pay a very low interest rate, but 6-month T-Bills are up to 2% (annual).

You can buy them through the Internet, and hold them in a US Treasury e-account.
>

R-I-G-H-T.

Don’t forget to teach little Johnny about inflation (his $50 worth < $50 in a year w/ any inflation above said 0.10%), or the taxation his ‘windfall’ of $.05...if the bank doesn’t charge a fee for the account to begin.

There’s a reason economics, and Civics, isn’t taught anymore...

[klimeckg]

Yup, same packaging, less product and more air and more expensive.

[Revolutionary]

There is no systemic inflation. When you have a healthy growing economy, you get spot inflation where supply has to catch up with demand. Most significant though is the impact that housing has on the number. Home prices going up in a growing economy makes the inflation number look higher than it really is.

[Retvet]

Fed needs to Make the dollar great again. I know politicians and money mongering fed like the sound of billionaire. But let the billionaires learn how to count cents. Is working class people are the ones the billionairescheated to get their billions. Fair wages and prices would have made America greater.

[Brilliant]

So not forever?

[oldtech]

We are basically TRYING to live on S.S.,so I’m rather acutely aware of about where every dollar goes. Then they tell me that there is virtually almost no inflation,so S.S. raises are minimal at best,& then are swallowed up by inflationary increases in Medicare anyway. Every time I go to the grocery store,I see more inflation,& often considerably more than 2%. This is really noticeable when you see you are getting less for the same money,or,in some cases,paying MORE & GETTING LESS at the same time. I don’t know how they can figure any 2% inflation unless they are balancing it out by counting large luxury items that many or most of us will never buy. Truly low inflation is only exhibited in the amount I receive on my so-called “savings”.