U.S. Inflation remains low, and that’s a problem

For the sixth straight year, U.S. inflation is hovering under the Federal Reserve’s targeted 2 percent growth rate. That’s a head-scratching problem because most people want the dollar’s worth to be the same tomorrow as it is today, the New York Times reports.

Fed chairwoman Janet Yellen told Congress this month she expects inflation to rebound, but a recent drop has analysts wondering, according to the Times.

The Fed’s policy-making committee is scheduled to meet Tuesday and Wednesday, and analysts expect the Fed to announce in September that it will start to reduce its holdings of Treasuries and mortgage bonds. The Fed is expected to leave its benchmark interest rate unchanged at least until December.

Read more from The New York Times.