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Stories Tagged as

Maximum employment

CPI could be Fed's last gut check before interest rate decision

by Kristin Schwab
Sep 9, 2024
The monthly inflation gauge, to be released Wednesday, could influence how much the central bank cuts rates next week.
The August consumer price index may be the last major piece of information the Federal Reserve receives before it meets to adjust interest rates. Above, Chair Jerome Powell.
Alex Wong/Getty Images
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What is "maximum employment"?

by Samantha Fields
Jul 29, 2024
And why is there no target number to measure it, as there is with inflation —the Federal Reserve's other mandate?
The Federal Reserve is thought to believe that 4% unemployment equates to its goal of maximum employment. But could the jobless rate go even lower without kicking up inflation? Above, Fed Chair Jerome Powell.
Nathan Howard/Getty Images
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