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Fed’s preferred inflation gauge eased during a brief Iran-war pause
The report pointed to easing price pressures during the pause, but warned that the conflict’s resumption keeps inflation risks in view.
The New York Times reports that the Fed’s preferred measure of inflation showed some easing during a brief reprieve in the war with Iran.
The outlet said the improvement in price pressures appears to have coincided with the pause, offering a temporary look at cooler inflation dynamics.
However, the story also notes that the resumption of fighting suggests inflation risk remains, keeping uncertainty for the Fed’s outlook.