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Is inflation coming back?
Inflation: The Chicken Little problem of the last five years. Everyone thought it – or worse, hyperinflation – was coming. Meanwhile, the Federal Reserve was worrying about deflation. Our central bank targeted a 2 percent inflation rate as healthy and worried when it was lower. Inflation has obediently averaged a 2.1 percent annual rate since 2010, albeit with some big swings. Now evidence suggests this is about to change…Read More
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