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The Federal Reserve may have pretty much just hit its 2% inflation target

CNBC
Summary
Nutrition label

83% Informative

This week 's inflation data provided more evidence that the Federal Reserve is nearing its 2% target.

Consumer and producer price indexes for September both came in around expectations this week .

Lower inflation opens the door for the Fed to keep cutting interest rates, though there's some trepidation about how quickly it should move.

Atlanta Fed President Raphael Bostic even said Thursday he'd be open to skipping a move altogether at the November meeting.

VR Score

91

Informative language

97

Neutral language

28

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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