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Recent readings bolster Fed’s inflation confidence, says Powell
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investmentnews.comFederal Reserve Chair Jerome Powell shared a cautiously optimistic outlook on inflation during his recent address at the Economic Club of Washington, suggesting that recent data points to a sustainable return to the Fed's 2 percent target.
His remarks, reported by multiple news outlets on Monday
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Fed's preferred inflation gauge cools further, adding to likelihood of a September rate cut abcnews.go.com /3 months ago
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