Price tags hang on merchandise at T.J. Maxx in North Andover, Mass. For all of 2013, overall U.S. prices rose a scant 1.1 percent, the Federal Reserve’s preferred gauge shows. Inflation has been stuck below the Fed’s 2 percent target for two years.
Photo by Associated Press /Chattanooga Times Free Press .
published Wednesday, February 19th, 2014
Stories this photo appears in:
WASHINGTON — Since the Great Recession ended 4½ years ago, Americans have struggled with high unemployment, static pay and a slow economy. Yet they've had one thing in their favor: low inflation. Well, hold the applause.