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Cryptopolitan
2024-11-24 11:58:49

Sticky US inflation binds Fed’s hands – What if it doesn’t get better?

Sticky US inflation binds Fed’s hands – What if it doesn’t get better?

The Federal Reserve can’t escape inflation’s grip. Sticky price pressures are making policymakers squirm as they get closer to their December meeting. The personal consumption expenditures (PCE) price index — excluding food and energy, the Fed’s favorite inflation gauge — is projected to rise 0.3% for October. That’s not even the worst news. On an

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