Now go to FRED and search for PCEPI. This is the price index that receives the most attention from the Federal Reserve in terms of fulfilling the nominal part of their dual mandate. Calculate the most recent rate of inflation (12 months) using PCEPI to the nearest two decimal places and compare to the Fed's implicit target of inflation = 2%. Is inflation too high, too low, or just right (circle your answer)? TUPCE= Too high Too low Just right

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Now go to FRED and search for PCEPI. This is the price index that receives the most
attention from the Federal Reserve in terms of fulfilling the nominal part of their dual
mandate. Calculate the most recent rate of inflation (12 months) using PCEPI to the
nearest two decimal places and compare to the Fed's implicit target of inflation = 2%.
Is inflation too high, too low, or just right (circle your answer)?
TPCE
Too high
Too low
Just right
Transcribed Image Text:Now go to FRED and search for PCEPI. This is the price index that receives the most attention from the Federal Reserve in terms of fulfilling the nominal part of their dual mandate. Calculate the most recent rate of inflation (12 months) using PCEPI to the nearest two decimal places and compare to the Fed's implicit target of inflation = 2%. Is inflation too high, too low, or just right (circle your answer)? TPCE Too high Too low Just right
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