Why Should Inflation Be Two Percent?

This past week a string of data has suggested that inflation is finally on a downward trend the u.s. personal consumption expenditure price index including food and energy recorded its second smallest monthly increase for the year. euro zone inflation receded to 10 percent in november suggesting that october's 10.6 was the peak stocks have rallied especially after fairmen fed chairman Jerome Powell said interest rates will go up in smaller increments from now on but also indicated that the tightening is far from over.

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