Inflation Nears Fed Target
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Federal ReserveCNBC
•The Federal Reserve may have pretty much just hit its 2% inflation target
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.
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