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Volker has since been won and every now and then like today, calls that victory into question, at least until the next number comes out. The Consumer Price index rose 4 10ths of one twice, the largest increase in more than a year with prices for gasoline, food, clothing and just about Everything Else moving higher last month. A little inflation is not necessarily a bad thing. The goldie locks number for the cpi is 2 . Todays figure annualized is well above that, of course. So how will the fed process that number as it he begins the two day rate setting today. Inflation in the United States surprised to the upside in may. Immediate concerns turn to the impact on the price to consumers and whether the Federal Reserve could be forced to raise Interest Rates. The biggest monthly jump in a year and 2 10ths above wall streets expectations. For the First Time Since february 2013, the core inflation rate and headline rate that includes everything are at or above 2 . Thats close to what the fed

Republic ofNew yorkUnited statesDistrict of columbiaUnited kingdomSan franciscoJanet yellenLaura seidelRobert frankRudy giulianiJulia boorstinPaul volkerDavid garrityTim cookConsumer priceConsumer price index