The inflation rate in the United States is pretty close to the Federal Reserve's 2% target. But it could take a while to hit that exact number.
Mandatory Credit: Graeme Sloan/Sipa/AP
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Inflation is down sharply, but getting to exactly 2% will be tough
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, measured 2.6% annually in November. So, getting that number down to the Fed’s 2% target should happen in no time, right?
