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Government data show Fed is likely to continue raising rates, but it also indicates there are challenges with that path
The case for the Federal Reserve having sustainably achieved its 2% inflation target is getting stronger.
On Thursday, the government reported data that showed that the Fed’s preferred way of measuring inflation is continuing forward with its steady trend of moving toward and over the Fed’s inflation target. This performance essentially ensures the central bank will continue with rate rises, but it also indicates there are challenges with that path.