According to the Fed minutes, "maintaining a restrictive policy stance until inflation is clearly on a path toward 2 percent is appropriate from a risk-management perspective."
The proposal would create a two-tier system—one for those who directly invest with a mutual fund, and another for those that invest through intermediaries, such as the typical retirement plan participant, say opponents.
While it's probably too early to declare a trend, the upward post-holiday jump in the 10-city average—based on entry-card swipes—is an important milestone.
This dollar amount equates to 6.6 billion lost hours of productivity over a two-year period of the pandemic, according to a new Integrated Benefits Institute report.
"The increase in January's PPI—which rose far more than the estimates, erasing last month's decline—moderates expectations for disinflation over the year ahead."
Siloed teams undermine the security of financial and accounting data, but a new survey reveals that infrequent or sporadic communication remains common in many companies.
If the Fed had to set its inflation target today, it would choose 3% or 4%, rather than 2%, but "it is very difficult to change a target when you have missed it for so long. ... The minute you do that, your credibility is hit even harder."
