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21st Mar 2016 05:05U.S., Economic Monitor

Fed Chair Yellen made it clear in last week's press conference that she is not convinced the increase in core inflation will persist: "I want to warn that there may be some transitory factors that are influencing [the rise in core inflation]... I see some of that is having to do with unusually high inflation readings in categories that tend to be quite volatile without very much significance for inflation over time.

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Keywords for: 21 Mar. 2016 The Fed Either Hopes for a Miracle or Wants Inflation to Overshoot

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