Federal Reserve (Fed) Bank of Boston President Susan Collins noted on Tuesday that despite significant progress made on inflation by the Fed and its policies, there's still plenty of work to be done.
Fed eral Reserve Bank of Boston President Susan Collins noted on Tuesday that despite significant progress made on inflation by the Fed and its policies, there's still plenty of work to be done. As Boston Fed President Collins noted, inflation remains stubbornly high, and it will likely take more time than many had initially hoped to bring price growth back down to the Fed 's 2% target.
What is the Consumer Price Index ? The Consumer Price Index measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month and year-on-year basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%.
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