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The Fed acknowledges inflation

thecommunityvoice.com
 2021-07-29

As inflation climbs, the Fed reacts. At its June meeting, the Federal Reserve confirmed what many of us have suspected for some time: prices are rising. In fact, prices are climbing faster than many expected. In response, the Fed raised its inflation expectation to 3.4 percent, up from its March projection of 2.4 percent, effectively raising its inflation expectation by 42 percent.

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