Inflation is now approaching the chronic levels of the 1970s. The PCE Index, which is the Fed’s preferred measure of inflation, has hovered above 6% since June — just below the 6.85% average recorded between 1970 and 1980. Is this a sign that we are close to peak inflation, or are things about to get a lot worse? Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight
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