It Seems Like Living With 3–4 Percent Inflation Is OK With Mr. Market

Published on January 25, 2024

Commentary It seems by now that even people without a penny in the stock market have heard that the Federal Reserve’s target rate for inflation and cutting interest rates is 2 percent. And while that objective sounds terrific, the world we live in is experiencing upward pricing pressure that makes this target elusive and seemingly unrealistic. Within the latest Consumer Price Index (CPI) report for December, there were some components that highlight certain aspects of the economy that are experiencing ongoing higher costs associated with specific long-term underlying conditions that will not be resolved anytime soon. To the market’s credit, and to the consumer as well, some things are probably going to remain expensive indefinitely....

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