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Inflation, going in the right direction, is still twice as high as the Fed’s target

By Tiana Lowe Doescher
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Inflation, going in the right direction, is still twice as high as the Fed’s target

For the final consumer price index print we will get this year, the Bureau of Labor Statistics found that headline CPI inflation rose 3.1% for the 12 months ending in November. The Federal Reserve‘s preferred measure of core CPI, which excludes the more volatile measures of food and energy prices, rose 4% for the year ending in November.

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Federal Reserve Inflation Jerome Powell Joe Biden