Speed Reads
Economics
Inflation comes in on target
The latest inflation figures are out, and they show that inflation in the last year has been 2 percent, in line with the Federal Reserve's goal. Core inflation — which excludes more volatile measures, like food and energy prices — was 1.9 percent.
The fact that inflation remains low and contained means that the Federal Reserve will not feel pressure to taper its quantitative easing stimulus any faster. The Fed remains on course to end quantitative easing by October, and raise interest rates sometime next year, so long as unemployment continues falling and inflation remains contained.