The Fed has been trying to increase inflation, operating at the macro level, but what does inflation mean at the micro level — specifically to your household? Let's do some analysis of the Consumer Price Index, the best-known measure of inflation.
Read More »Inside The Consumer Price Index: What Inflation Really Means To You
The Fed justified the last round of quantitative easing "to promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate". In effect, the Fed is trying to increase inflation, operating at the macro level but what does an increase in inflation mean at the micro level — specifically to your household? [Let's take a look.] Words: 1555
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