Inflation's Cool, But Central Banks Remain on High Alert The latest Consumer Price Index (CPI) report has sent a sigh of relief through markets. However, beneath the surface lies a more complex tale.
As BlackRock's Rick Rieder noted, inflation remains stubbornly above the Federal Reserve's 2% target, leaving central banks to ponder their next move.
The Fed's dual mandate – price stability and maximum employment – is often misunderstood.