Year-over-year inflation hovered at 2.7%. The Federal Reserve has been waiting for firmer evidence that rapid price increases are behind it. Banking and Financial Institutions, Prices (Fares, Fees and Rates), Inflation (Economics), Supply Chain, Interest Rates, United States Economy, Consumer Behavior, Federal Reserve System, Commerce Department Year-over-year inflation hovered at 2.7%. The Federal Reserve has been waiting for firmer evidence that rapid price increases are behind it. NYT > Business
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