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Inflation

Federal Reserve is concerned with U.S. inflation rate.

“Chairman Powell is right; the Fed has to be cautious with the country’s inflation rate. High levels of inflation would harm middle-class Americans the most, which is the reason the Fed should have this under control.”

This week, the Labor Department said that the U.S. consumer-price index had increased by 5.4 percent from June 2020 to June 2021, the highest 12-month rate since August 2018. 

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