NeoButane

US Inflation Rate [nb]

This is the United States inflation rate, based on the total Consumer Price Index published by the U.S. Bureau of Labor Statistics.


Option to toggle:
A line to display the inflation rate in December. It does not change until the next December.

What the color change to red is indicative of:
According to the Federal Open Market Committee (FOMC) regarding inflation rate, "2% is a bae number to be around". This does not imply a strict 2% inflation for success and allows room for federal rate cuts should they be needed.

Although FOMC declared 2% to be "bae" in 2012, James Bullard, of federal banking fame, claims that started to become the norm in 1995. Therefore the inflation rate line will only turn red 1995 onwards, and serves as a friendly reminder that inflation has been over at or over 2% for more than one month.

Sources:
https://www.bls.gov/cpi/
https://www.federalreserve.gov/newsevent...
https://www.stlouisfed.org/open-vault/20...



My published indicators: https://www.tradingview.com/u/NeoButane/#published-scripts

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