Latest Federal Reserve System Projection: Inflation will Return to Target in 2025

Posted: 9/22/2022 10:14:08 AM
The Federal Reserve System’s Open Market Committee finished their two-day meeting on September 21 2022, and announced they were taking the expected action to raise the Federal Funds interest rate by three-quarters of one percent.  Accompanying this, the Fed also released a set of economic projections. The Federal Reserv...

August Real Wages Eek Out Gains as CPI Inflation Moderates

Posted: 9/13/2022 11:45:09 AM
In August, the Bureau of Labor Statistics’ Consumer Price Index (CPI) resumed its upward march after a respite in July but at a slow pace of just 0.1% for the month, an annualized rate of 1.4%. Over the twelve months from August 2021 to August 2022, the CPI has increased by 8.2%. It goes without saying that an annual increas...

July Real Wages Increase as CPI Inflation Shows a Sign of Moderating

Posted: 8/10/2022 10:04:06 AM
In July, the Bureau of Labor Statistics’ Consumer Price Index was basically unchanged from its June value, indicating at least a temporary respite from what had been a continual monthly increase in the CPI since at least January 2021. With this July measurement, the year-over-year CPI inflation rate now stands at 8.5% and the increase in t...