Defeating inflation without higher unemployment is still unlikely

US inflation is now much slower than last summer’s red-hot pace, but it’s not guaranteed it will drift all the way down to the Federal Reserve’s 2% target without a sharp rise in unemployment. That …

US inflation is now much slower than last summer’s red-hot pace, but it’s not guaranteed it will drift all the way down to the Federal Reserve’s 2% target without a sharp rise in unemployment. That …

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