In 2020, the Federal Reserve (the Fed) responded to an acute recession by cutting interest rates and launching large-scale asset purchases to support credit and stimulate demand. Then, inflation in 2021 and 2022 reached levels not seen since the 1980s.

Key Takeaways Core PCE inflation, the Fed's preferred gauge of consumer price increases, likely rose 2.9% in September, heading in the wrong direction from the Fed's goal of a 2% annual rate.Although Fed officials are worried about simmering inflation,

This paper examines the effectiveness of inflation targeting (IT) frameworks during the global inflation surge of 2022, a shock primarily driven by large adverse supply side disruptions following the onset of the War in Ukraine. The empirical findings ...

Here’s how inflation could sway Fed interest rate cut bets for October. Wall Street awaits key CPI report. The inflation data may sway the likelihood of a Federal Reserve interest rate cut in October. Inflation hovers above Fed’s 2% target, mainly ...

The inflation rate is not zero; it’s currently at 2.9% year over year. That’s higher than the Fed’s 2% "price stability" target. The inflation rate also has been rising for the past four months. See the sources for this fact-check President Donald ...

The claim: President Donald Trump frequently touts his battle against higher prices, often by saying the U.S. currently has "no inflation." On Sept. 19, while meeting reporters in the Oval Office, Trump referenced his tariff policy, saying, "Even people ...