The Federal Reserve might be winning the inflation fight—depending on which indicator is used
As inflation climbs in the U.S., rising food and energy costs have pushed the nation’s most popular price index to its highest level in four decades.
WSJ’s Gwynn Guilford explains how the consumer-price index works and what it can tell you about inflation. Illustration: Jacob Reynoldsare now telling a similar story. But those measures are likely to diverge this year, with one signaling the Federal Reserve’s work is nearly done and the other suggesting the opposite.
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