New York CNN —
Inflation is in the hot seat heading into November’s election. But it’s not budging as fast as President Joe Biden would probably like.
The Federal Reserve is tasked with bringing to its 2% target. So how close are we? It depends what metric you’re looking at.
If you’re looking at the Personal Consumption Expenditures price index, the Fed’s preferred inflation gauge, it’s nearly there. The latest reading had prices increasing at a 2.4% annual rate.
But if you’re looking at the latest Consumer Price Index data released Tuesday, prices are
→ Continue reading at CNN - Business News
