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Inflation Cools But Fed Hesitates | Raleigh News
Published 1 week, 5 days ago
Description
Inflation cooled slightly in June, with the Fed’s key PCE index dropping 0.1% month-over-month and rising 3.7% year-over-year — a sign of progress, but not enough to sway the Fed’s rate-holding stance, as some board members still push for higher rates.
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