By Andrew Moran A key pipeline inflation indicator unexpectedly increased in January, potentially signaling higher consumer prices in the coming months. The January producer price index (PPI) rose 0.5 percent from 0.4 percent in December, according to new data from the Bureau of Labor Statistics released on Feb. 27. The PPI is a measure of […]
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.
