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The 2% target has been widely adopted by central banks around the world today, but its foundation stems from an off-the-cuff remark made in New Zealand, not an academic research paper.
The typical numerical target of 2% has come under debate since the period of rapid inflation experienced following the monetary expansion during the COVID-19 pandemic. Mohamed El-Erian has suggested the Federal Reserve raise its inflation target to a (stable) 3% rate of inflation, saying "There's nothing scientific about 2%". [59]
Inflation is expected to have fallen back to the 2% target for the first time in nearly three years in official figures on Wednesday that come just a day before the next rates decision and at a ...
The liberal stalwart from California was right. The path to 2% began with an off-the-cuff comment in New Zealand in 1988. ... week that the 2% inflation target isn't going anywhere ...
Inflation has been a heavy weight on consumers' minds across the country -- and the globe -- over the past couple of years. Prices crept up at the supermarket, the gas station and beyond. Last ...
An August 2024 survey of inflation expectations showed consumers predicting 2.3% average inflation over the next three years, the lowest figure since the survey was created in 2013. [186] Following Trump's tariff threats, long-term inflation expectations rose to 3.3 percent in January 2025 from 3.0 percent in December, the highest level since ...
The path to the Fed’s 2% inflation target was expected to be long and bumpy, and it has been a little choppy the past couple of months, prompting the central bank to take a more cautious ...
Yet another favorable piece of economic data shows that price hikes are slowing and that long-unruly inflation appears to be tamed. Inflation is inching closer toward the Fed’s 2% target Skip to ...