The Federal Reserve announced a major change in strategy as the US central bank found itself largely missing its 2% inflation goal since it began targeting a 2% rate from 2012. Instead of aiming for inflation to hit 2%, it will now aim to see inflation average 2% over time.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe