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Federal Reserve Balkin: Data Puts the Notion That "We Have Defeated Inflation" on Hold for Now
Svmuu News Federal Reserve Barkin stated that the data has put the view that “we have defeated inflation” on hold for the time being, noting that we have seen relatively high inflation for several consecutive months. Textbooks may advise ignoring short-term shocks, but rising oil prices continue to have a significant impact on consumer confidence and spending. (Jin Shi)
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