New York CNN —
For the past few years, the US economy has been growing at a pace that seemed too good to be true.
So, at first glance, Thursday’s gross domestic product report showing the US economy grew at an annualized rate of 1.6% in the first quarter of this year versus the 3.4% rate in the fourth quarter of last year seems to be just the medicine the Federal Reserve doctors ordered. But there’s just one problem: inflation.
The latest Consumer Price Index data shows inflation is rising, moving further away from the Fed’s
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