Inflation articles
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Fed holds rates steady amid inflation concerns
WASHINGTON >> The Federal Reserve held interest rates steady today and signaled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings and suggested a possible stall in the movement towards more balance in the economy.
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Yellen criticizes Summers on inflation: He's 'been wrong in the past'
Inflation has “come down substantially from its peak,” Treasury Secretary Janet Yellen said during her testimony before the House panel.
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Elevated inflation, poor GDP growth raise concerns
(The Center Square) – Federal data released Friday showed that inflation remains elevated. The figures came out on the heels of other data showing the U.S. Gross Domestic Product underperformed in the first quarter of this year. Both the inflation and GDP data points raised concerns among economists and renewed criticism of President Joe Biden among Republicans. “Given the elevated levels of inflation – and this is the new normal for 2024 – the market is going to...