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Thursday, April 18, 2024

‘No landing’: After 8 consecutive months of 3% inflation, the Fed’s 2% goal remains elusive

The 12-month inflation rate has been stuck between 3% and 4% since June, hovering just above the Federal Reserve’s official 2% target. The biggest economic story of the post-pandemic period has been inflation. It’s a narrative that, at first, had two clear phases. First came the breakneck …

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