What Went Wrong With US Inflation

April 17, 2024, 8:58 p.m.

1h ago What Went Wrong With US Inflation Bloomberg News, (Bloomberg) -- 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 Powell said persistent inflation means borrowing costs will …

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What Went Wrong With US Inflation

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