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This was supposed to be the year that US inflation rode the last mile down to 2%, letting the Federal Reserve steadily reduce interest rates from a two-decade high. Now those expectations have been dashed. Price gains have proven much stickier than anticipated a few months into 2024 amid a resilient economy and labor market. On Tuesday, Fed Chair Jerome ...
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post: Fed's Mester: We Want To Get More Information Before We Can Say Inflation Is On A Sustainable Path To 2% - This Year Inflation Is A Little Higher Than Expected post: MESTER EXPECTS INFLATION TO DECREASE post: MESTER: RATES COULD STAY PUT FOR LONGER IF INFLATION DOESN'T REACH 2%
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