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U.S. Inflation Remains Elevated Above Federal Reserve Target in December

Consumer prices in the United States stayed steady in December, continuing to exceed the Federal Reserve’s 2% inflation goal.

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Terms & Concepts
  • Federal Reserve (Fed): The central banking system of the United States, responsible for setting monetary policy and managing inflation.
  • Inflation: The rate at which the general level of prices for goods and services rises, eroding purchasing power.
  • Inflation Target: A public goal set by a central bank to maintain price stability, often around 2% annually.