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The first inflation report under new Fed chief Kevin Warsh shows prices at highest in nearly 3 years - CBS News

The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.

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The first inflation report under new Federal Reserve chief Kevin Warsh was released on Thursday, and it shows consumer prices in April were at their highest level in almost three years.  The persona… [+3364 chars]

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