By Andrew Moran The Federal Reserve will “eventually” cut interest rates as the central bank continues to inch toward achieving its inflation target of 2 percent, New York Fed President John Williams told a prominent event on Monday. Appearing at the Milken Institute 202 Global Conference in Beverly Hills, California, Mr. Williams soothed financial markets […]
Tag: Inflation
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.