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Inflation hits Federal Reserve’s 2 percent target, but still low by other measures

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Inflation is running at 2 percent year-over-year, right at the target set by the Federal Reserve, according to Thursday’s Bureau of Labor Statistics report. The Consumer Price Index increased by 0.2 percent on a monthly basis in July, lower than June’s 0.5 percent rate and right at analysts’ expectations. The year-over-year change inched up from 1.8 percent in June. Taken with Wednesday’s...

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