Inflation Has Been Easing Fast, but Wild Cards Lie Ahead
President Joe Biden has openly celebrated recent inflation reports, and Federal Reserve officials have also breathed a sigh of relief as rapid price gains show signs of losing steam. But the pressing question now is whether that pace of progress toward slower price increases — one that was long-awaited and very welcome — can persist. The Fed’s preferred inflation measure, the Personal Consumption Expenditures index, is expected to tick up to 4.2% or 4.3% in a report Thursday, after volatile food
Source: yahoo.com
