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Powell: Data Show that Prices Are Rising Pressure on Prices
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The President of the Federal Reserve, Jerome Powell, said on this Wednesday (14) that “the prices are rising pressure on prices” in the United States, according to recent data. In a speech during the NAB’s annual meeting (National Association for Business Economics), he noted that the underlying inflation measured by the PCE (cost index) reached 2.9% in August, slightly above the beginning of the year, driven by the progress of the prices of goo…
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