Federal Reserve Official Warns Inflation Fight Not Yet Over
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Thomas Barkin, a Federal Reserve official, has warned that the battle against inflation is not yet complete. The Personal Consumption Expenditures (PCE) index, which the Federal Reserve considers its key metric for monetary policy decisions, reached 2.9% in December. The PCE reading remains above the Fed's target rate, indicating continued inflationary pressures in the U.S. economy that may influence future interest rate decisions.