Answer Questions 1-6 using the website listed below

https://research.stlouisfed.org/dashboard/13847

File Tools View Use the CPI Economic Dashboard for your analysis . Last Modified: Yesterday at 8:14 PM . X Use the CPI Economic Dashboard for your analysis: https://research.stlou- . Examine the graph for the shape of the line (Box 3) for recent years. isfed.org/dashboard/13847 (Click on the graph to get a closer look.) What is the recent trend (if 1. Inflation Economic Data Dashboard, examine current CPI data: any)? . Examine the CPI graph in Box 1. What has the overall trend been since 1948? 4. Using Boxes 5 and 6, does it look like the Fed has been successful in keeping . What is the most recent level of CPI (Box 2)? the inflation rate near its target in recent years? 2. While the CPI level is important, CPI expressed as a percentage from a year 5. Inflation data tends to be volatile, which makes it difficult to determine ago is an even more important measure of the inflation rate and the econ- trends, so economists also refer to Core CPI (Consumer Price Index for all omy's health. Urban Consumers, All Items Less Food and Energy). . . Examine the graph in Box 3. How does the CPI inflation rate since the year 2000 compare to the period from 1970 to 1985? . Look at the graph (Box 7). Are there large differences between CPI and . Are there periods of deflation on the graph? If so, when did they occur? Core CPI lines? . What typically happens to CPI during recession? Is there a pattern? . Record the last six months of the inflation rate (CPI) and core inflation rate (Core CPI) (Boxes 4 and 8). Is there a difference between the two 3. Economists are quick to point out that one data point does not indicate a rates? trend Month, year . Record CPI for the six most recent months (Box 4). Month, year Inflation Rate (CPI, percentage change from a year ago) . What does including Core CPI in your assessment tell you about the Welcome back! current economy? Pick up where you left off: A few seconds ago "Use the CPI Economic Dashboard for your analysis": 1,805 characters (an approximate value). Focus 140% O W 9:05 PM 2/23/2022File Tools View Use the CPI Economic Dashboard for your analysis . Last Modified: Yesterday at 8:14 PM . X . Examine the graph for the shape of the line (Box 3) for recent years. 6. Summarize your findings for CPI. Using all this information, what are the (Click on the graph to get a closer look.) What is the recent trend (if data telling you? It is just one economic indicator, but it is an important one. any)? Compare the CPI inflation rate of the economy to the FOMC's inflation tar- get (2 percent). Also make sure you consider the trend (not only the most 4. Using Boxes 5 and 6, does it look like the Fed has been successful in keeping recent release) and Core CPI in your assessment. the inflation rate near its target in recent years? End of document 5. Inflation data tends to be volatile, which makes it difficult to determine trends, so economists also refer to Core CPI (Consumer Price Index for all Urban Consumers, All Items Less Food and Energy). . Look at the graph (Box 7). Are there large differences between CPI and Core CPI lines? . Record the last six months of the inflation rate (CPI) and core inflation rate (Core CPI) (Boxes 4 and 8). Is there a difference between the two rates? Month, year . What does including Core CPI in your assessment tell you about the current economy? Screens 1-2 of 3 [ Focus - - 140% W 9:05 PM 2/23/2022