Inflation Has Hovered Above the Fed's Target for More than Five Years
Dow Jones10-14 21:18
September's inflation report showed that the consumer price index rose 3.7% from a year earlier, outpacing analysts' expectations.
This reading has now hovered above 2% for 66 consecutive months.
"Over the last 100 years, this current streak is just the third time that consumer inflation has been above the Fed target for five years or longer," Bespoke analysts wrote in a note to clients.
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