Savings are now more liquid and part of “M1 money” | FRED Blog

Economics
Question of the Day: Inflation recently hit a 31 year high. How much have prices risen in the past year, as measured by the Consumer Price Index? - Blog
Answer: 6.2% This chart shows that many grocery prices have risen even more: Questions: Have you noticed inflation (the increases in prices) in items that you or your family purchase in your own lives? How much do you think that prices have to go up before it impacts consumer behavior and their purchase decisions? What do you think are the causes behind this spike in inflation? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (from CNBC): Inflation across a broad swath of products that consumers buy every day was even worse than expected in October, hitting its highest point in more than 30 years, the Labor Department reported Wednesday. The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% from a year ago, the most since December 1990. ------------------------ Wondering who won NGPF's Estimate the Monthly Jobs Report contest?
Productivity Is Offseting Wage Gains - The Big Picture
50 Years of Productivity Gains To hear an audio spoken word version of this post, click here. There has been lots of ink spilled on the dangers of rising wages as a source of inflation. The problem with focusing on input costs is that it is incomplete. To fully understand the wage and labor…Read More
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