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Eyes on May PCE: Will it be the green light for rate cuts?
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How Long Will It Take for U.S. Inflation to Return to 2%?

Cleveland Fed economist: If there is no recession, it will take another three years. If supply chain improvements no longer drive down inflation, the only downward pressure could come from an economic recession. Without a recession, more patience will be needed, and it will take time for inflation to return to 2%.
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