Inflation on the path to Fed's 2% target: Chart of the Day

Yahoo Finance Video
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July's Consumer Price Index (CPI), published by the US Bureau of Labor Statistics on Wednesday morning, signaled cooling inflation levels as the print came in line with economist forecasts.

Yahoo Finance markets reporter Josh Schafer puts the inflation data into context of the Federal Reserve's 2% inflation target and how the past three months' of data hold up to this objective.

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This post was written by Luke Carberry Mogan.