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Fed’s Preferred Inflation Number Cooled Overall in June

The Personal Consumption Expenditures Index climbed 2.5 percent, still more than the Fed’s 2 percent target, as price increases take time to come down.

Jeanna Smialek
Author: Jeanna Smialek

Written by

Jeanna Smialek

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