Inflation target articles
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New economic woes for Joe: President repeats false claim inflation was 9% when he took office while fed chair admits inflation still 'higher than anybody expected' AND interest rates remain at 23-year peak
Powell said inflation was higher than 'anyone' expected ahead of new report. Biden makes false claim that inflation was 9 percent when he took office. READ MORE:
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The inflation cooldown we've been waiting for?
Looking at fresh economic data, retail sales were flat and some categories of food dropped in price from March to April. That indicates both falling inflation and a consumer spending pullback — good things if you’re the Federal Reserve. We’ll dig into the consumer price index and hear from Chicago Fed President Austan Goolsbee about the stickiest part of inflation right now. Plus, more women are employed than ever. Could that change as pandemic support programs expire? The next $50,000 in...
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Inflation Isn't A Bug In The System, It's A Feature
Inflation Isn't A Bug In The System, It's A Feature Authored by J. Kennerly Davis via RealClearPolicy, May brings more bad economic news for hard-pressed American households. “Transitory” inflation remains firmly entrenched at rates equal to or higher than those reported at the start of 2024. The Labor Department reports this week that the Consumer Price Index, or CPI, it’s official measure of the rate of change in the retail price of a basket of everyday goods and services,...