The Controversy Over Inflation

This week, the Federal Reserve decided to raise interest rates, a move intended to slow the economy down. It makes some sense. The current spell of growth has lasted for nearly 100 months. The jobless rate is down to 4.3 percent, and less than 2 percent in some metro areas. Wages are increasing, though not by much more than inflation. The monthly jobs numbers continue to look decent. As such, as expected, the Fed raised its benchmark rate by a quarter of a percentage point, from 1 to 1.25 percent. But there is one main indicator that does not signal an economy getting hot-and it is one that......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/2trMZlX
via IFTTT