U.S. Inflation Has Been Below Fed’s Target For Years By-Gary D. Halbert
To begin this discussion, let’s take a look at the U.S. inflation rate. The most-cited inflation measure is the Consumer Price Index (CPI). The CPI has been running around 2% or below since mid-2012. As you can see below, the CPI dipped to near zero in June of this year before rebounding modestly in July.…