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Inflation Still Has the Federal Reserve in a Bind
Inflation remains the central problem for the Federal Reserve, even as falling gas prices may give consumers some near-term relief and pull headline inflation lower in the months ahead.
Mike Armstrong and Marc Fandetti break down why core inflation is still running too hot, why wages failing to keep pace with prices creates pressure for households, and how the Fed is trying to separate temporary oil shocks from longer-lasting inflation trends. They also discuss the latest sell-off in AI and chip stocks, why rising AI costs could pressure companies throughout the technology supply chain, how…
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