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Inflation remains stubbornly high despite Federal Reserve's efforts to stabilize costs

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The latest inflation numbers are still above 8%, a 40-year high with prices rising for housing, medical care, new cars, air travel and more. It will almost surely mean another significant interest rate hike in a few weeks. Economist Diane Swonk of the professional services firm KPMG joined Amna Nawaz to discuss what's behind this persistent inflation.

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Category
U.S. & Canada
Tags
President Joe Biden, U.S. recession fears, White House
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