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The United States federal budget for fiscal year 2018, which ran from October 1, 2017, to September 30, 2018, was named America First: A Budget Blueprint to Make America Great Again. It was the first budget proposed by newly elected president Donald Trump , submitted to the 115th Congress on March 16, 2017.
As the most widely used measure of inflation, the CPI is an indicator of the effectiveness of government fiscal and monetary policy, especially for inflation-targeting monetary policy by the Federal Reserve. Now however, the Federal Reserve System targets the personal consumption expenditures (PCE) price index instead of CPI as a measure of ...
In February 2018, 20 states, led by Texas Attorney General Ken Paxton and Wisconsin Attorney General Brad Schimel, filed a lawsuit against the federal government alleging the ACA is now unconstitutional because the individual mandate tax which NFIB v. Sebelius rested on was repealed by the Tax Cuts and Jobs Act of 2017. [104] [105]
A report from the Commerce Department showed the PCE price index, the Federal Reserve's preferred inflation yardstick, came in cooler than analysts expected, supporting the narrative that price ...
Starting in 2022, the Fed raised interest rates 11 times — its usual tactic for battling inflation — by a total of 5.25 percentage points. The last rate hike was in July. The last rate hike ...
Shadowstats.com is a website that analyzes and offers alternatives to government economic statistics for the United States. Shadowstats primarily focuses on inflation, but also keeps track of the money supply, unemployment and GDP by utilizing methodologies abandoned by previous administrations from the Clinton era to the Great Depression.
Through July 2018, inflation measured by PCE has averaged 3.3%, while it has averaged 3.8% using CPI. [2] This may be due to the failure of CPI to take into account the substitution effect . Alternatively, an unpublished report on this difference by the Bureau of Labor Statistics suggests that most of it is from different ways of calculating ...
The Federal Reserve’s preferred inflation gauge cooled slightly last month, according to data released Friday by the Commerce Department. Excluding gas and food prices, the core Personal ...