To put things into perspective, during the week of March 11, 2022, the rate on the 2-year Treasury note was 1.75%, according to Refinitiv. On Wednesday, as the Fed's decision approaches, it's yielding 4.89%. Certificates of deposit and high-yield savings accounts are also paying attract...
The rise in inflation was again triggered by war-related expenditures, owing to the growing combat role of the US in Vietnam starting in 1965. The Fed’s role in rising inflation in the late 1960s and early 1970s was hardly the Fed’s finest hour, but again, it is unrealistic to ...
To gaugeinflationthe Fed looks closely at changes in the core measure of the personal consumption expenditures price index — known as core PCE — which excludes volatile items like food and energy prices. Over time, it seeks to achieve inflation that averages 2 per cent While core measures ar...