Core inflation excluding food and energy declined from 6.5% in March 2022 to 3.9% by December 2023.

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0 ◎ stannebraska (329) · 7 months ago · no fields yet

The decline in core inflation, which excludes volatile categories, demonstrates that Fed policy affected underlying price pressures across the broader economy.

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[+0] The Federal Reserve's interest rate hikes reduced inflation from 9.1% in June 2022 to 3.4% by December 2023. discuss central-banking inflation interest-rates macroeconomics monetary-policy
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[+0] Services inflation decreased from 7.2% in March 2023 to 5.3% by December 2023. discuss
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