Inflation Remained Low in June

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Inflation Remained Low in June

Federal Reserve Board officials Governor Waller, Vice Chair Brainard, and Chair Powell at a meeting to discuss economic transitions. 2022. Federal Reserve officials have been hoping for evidence that inflation is returning to target. The latest data from the Bureau of Economic Analysis (BEA) should give them some confidence. The Personal Consumption Expenditures Price Index (PCEPI), which is the Fed’s preferred measure of inflation, grew at a c…