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A Key Inflation Gauge Hovers Above Fed’s Target

The Fed’s preferred inflation gauge was relatively stable on an annual basis, the latest reminder that bringing inflation down is a bumpy process.

Jeanna Smialek
Author: Jeanna Smialek

Written by

Jeanna Smialek

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Commerce Department, Federal Reserve System, Inflation (Economics), Interest Rates, Prices (Fares, Fees and Rates), United States Economy
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