The Federal Reserve cut its key interest rate by a quarter-point in response to a steady decline in once-high inflation that angered Americans and helped drive Trump’s election victory.
  • SeaJ@lemm.ee
    0·
    7 days ago

    Inflation is down to 2.4%. We are fairly close to the Fed’s target of 2%.

    • n2burns@lemmy.ca
      0·
      7 days ago

      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.