By Andrew Moran Price pressures may be cooling across the economy, with the 12‑month inflation rate slowing sharply in November. The annual inflation rate eased to 2.7 percent last month—the lowest level since July—from 3 percent in September, according to the Bureau of Labor Statistics. Economists had penciled in a reading of 3.1 percent. The […]
Tag: Federal Reserve System
The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.
