Inflation could ease faster than Fed believes, reducing need for rate hikes, easing recession risk

Inflation could ease faster than Fed believes, reducing need for rate hikes, easing recession risk

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Could inflation ease more swiftly than the Federal Reserve expects? Consumer price increases have pulled back sharply in recent months but Fed Chair Jerome Powell says further declines to the Fed’s 2% annual target may prove a tougher slog. As a result, he says, the Fed may need to raise its key…

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