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Tuesday, December 24, 2024

US core inflation is still unacceptably high for the Fed – and that means more pain for the economy, strategist Jim Bianco says

US core inflation is still too high for the Federal Reserve’s comfort – and that means more pain ahead for the economy as the central bank pushes ahead with monetary tightening to cool price pressures, according to Wall Street analyst Jim Bianco. According to founder of Bianco Research, core …

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