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Latest Data Show Strengthening Economy, Set Stage for Rate Hikes

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The Hill
An op-ed by Sumit Agarwal, professor of finance: The January inflation numbers are in. With Consumer Price Index (CPI) registering at 2.5 percent and the Personal Consumption Expenditure (PCE) index registering at 1.9 percent, we are now circling the Fed’s long-term target inflation rate of 2 percent.