What The CPI Missed Completely

The CPI rose 3.4% year over year in July and was touted as a slowing of inflation. It is still below a target set long ago by the Fed, which is about 2%. The July figure is viewed as a possible block to the Fed raising rates. However, what is inflation and what is not ends up in the eye of the beholder.

Source: 24/7 Wall Street

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Category General

Source 24/7 Wall Street

Published 1 month ago

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News ID #6,243

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