Inflation Rates Rising Above Target: What It Means for Us

A line graph showing the YoY percentage change of the PCE Price Index and its components from 2017 to 2024, with multiple colored lines representing different categories. A purple horizontal line labeled 'Fed 2% target' is drawn across the chart at the 2% mark, visually contrasting with the fluctuating lines above and below it. The green line, representing 'Durable Goods', plunges sharply below zero in 2023 and 2024, while other lines hover near or above the 2% target. The chart visually highlights the divergence between the Fed's inflation target and actual inflation trends, particularly the sharp drop in durable goods prices.

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