The Fed wants to keep the inflation rate up around 2%, because their efforts to boost the economy only get traction when they can push interest rates well below the inflation rate.
To someone in the US, the decline in the value of the dollar has mainly made itself felt up to now in the form of increases in the prices of globalized commodities--everything from
For more than thirty years, nonfat dry milk was a frugal staple. For things like baking and making yogurt, it was as good as fresh milk. Not many people wanted to drink the stuff
It takes more than $1.40 to buy one euro today. It cost less than $1 as recently as late 2002. A Canadian dollar is worth just about exactly a US dollar--a parity not seen since
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Featuring Wise Bread's interviews with subject experts.