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Will Inflation Last Forever

July 30, 2022
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Will Inflation Last Forever

Highlights:
• Inflation hit 9.1% in June—its highest level in four decades.1
• The Fed raised interest rates in an effort to slow US growth and moderate inflation. Fed officials are signaling
another 0.75 basis points (bps) hike at the July 26-27 meeting due to the latest inflation numbers.
• A lower inflation rate doesn’t require falling prices; it simply requires prices to not rise as fast as they did last year.

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