Say the Fed will raise it to 3%.
At the end of this year, they will proudlly proclaim a doctored CPI of 4.5% while in reality it most likely will be at least 7%.
It does show how far the FED is "behind the curve".
It is a scandal actually.
Meanwhile the wage and salaried workers lose 1% income per year. Where will they be in 2 years time?
Gerry
