Key Inflation Measure Surges at Fastest Rate Since June
An alarming sign that price pressures are entrenched in the American economy and could lead the Fed to keep raising interest rates well into this year.

WASHINGTON — The Federal Reserve’s preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures are entrenched in the American economy and could lead the Fed to keep raising interest rates well into this year.
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