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Key US inflation measure surges at fastest rate since June

Por: WPLG Local 10 Politics February 24, 2023

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WASHINGTON – The Federal Reserve's preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year. Friday’s report from the Commerce Department showed that consumer prices rose 0.6% from December to January, up sharply from a 0.2% increase from November to December. On a... + full article



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