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The Fed’s preferred inflation indicator is out Friday. What to expect

A customer shops at a supermarket on August 14, 2024 in Arlington, Virginia.Sha Hanting | China News Service | Getty ImagesFederal Reserve officials...

Fed’s favorite inflation indicator increased 0.2% in July, as expected

Inflation edged higher in July, according to a measure favored by the Federal Reserve as the central bank prepares to enact its first...

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