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US Fed's favored inflation gauge cooled slightly in January
US Fed's favored inflation gauge cooled slightly in January
Economy
by  AFP

The Federal Reserve's preferred inflation measure cooled slightly in January, according to government data published Friday, although it remained stuck above the bank's long-term target. While inflation has remained stuck above the bank's long-term two percent target, economic growth has remained robust, and the labor market has stayed healthy, with unemployment hugging close to historic lows.