Heading into the November presidential election, one of the biggest issues on voters' minds is the economy. According to a new poll, 73% of Americans say strengthening it is their top concern.
When people write about “the economy”, including the person who wrote this article, they generally focus on just two things:
Inflation
Unemployment.
Those are the two things mentioned in the subtitle of the article. It’s no coincidence that those are also the two priorities of the Fed. And those are also the two macroeconomic indicators that are most likely to affect American personal finances. The first one relates directly to gas and grocery prices, BTW.
So there is good reason to be glad when the economy is doing great.
When people write about “the economy”, including the person who wrote this article, they generally focus on just two things:
Those are the two things mentioned in the subtitle of the article. It’s no coincidence that those are also the two priorities of the Fed. And those are also the two macroeconomic indicators that are most likely to affect American personal finances. The first one relates directly to gas and grocery prices, BTW.
So there is good reason to be glad when the economy is doing great.
Inflation indirectly relates to gas and grocery prices.
More directly important to those prices is the arbitrary pricing system in place that allows corporations to make up and change prices at their whim.
Inflation is a direct measure of prices.
I just want stable prices, which means I just want low inflation. How that is achieved doesn’t matter so much.