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There’s a big Fed inflation reading coming Friday. Here’s what to expect

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There's a big Fed inflation reading coming Friday. Here's what to expect

People purchase beverages in a store on a sweltering afternoon in Brooklyn, New York, on the first day of summer on June 21, 2024.

Spencer Platt | Getty Images

There could be some pretty good inflation news on the way from the Commerce Department when it releases a key economic report Friday.

The personal consumption expenditures price index, an inflation measure the Federal Reserve watches closely, is expected to show little, if any, monthly…

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