Inflation is expected to remain low in the near term, in part because of earlier declines in energy prices, but to rise to 2 percent over the medium term as the transitory effects of past declines in energy and import prices dissipate and the labor market strengthens further. (alephblog.com)
Inflation is expected to remain low in the near term, in part because of earlier declines in energy prices, but to rise to 2 percent over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further. (alephblog.com)
Inflation has continued to run below the Committee's 2 percent longer - run objective, partly reflecting earlier declines in energy prices and in prices of non-energy imports. (alephblog.com)