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Inflation eases in January but economists project a bumpy road ahead to reach the Federal Reserve's 2% target

The annual level of inflation registered the smallest 12-month increase since October 2021, signaling that inflation has likely peaked, according to the latest report from the Bureau of Labor Statistics (BLS). The Consumer Price Index (CPI), a measure of inflation, rose 6.4% year-over-year in January, a slight slowdown from the 6.5% increase in […]

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