Source: Federal Reserve Series CPIAUCSL.

Description: CPI is based on prices for food, clothing, shelter, and fuels; transportation fares; service fees (e.g., water and sewer service); and sales taxes. Prices are collected monthly from about 4,000 housing units and approximately 26,000 retail establishments across 87 urban areas.

Commentary: Inflation the last few months has started to drift back up at now 2.9% despite Federal Reserve's mandate of a 2% target (April was 2.3%). With unemployment on the rise as well, the Federal Reserve this upcoming week has a difficult decision. Do they lower interest rates to help the job market? Or do they keep or even raise interest rates to bring down inflation and back under control? Federal Reserve decides this Thursday and Friday (Sep 16-17th).

Posted by fruitstanddev

1 comment

  1. Copy/pasting a mainstream economic indicator straight from FRED into another charting software is my least favorite kind of lazy post on this sub

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