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The Fed focuses on supercore because it includes those prices that are more likely to be driven by the cost of labor, which the Fed can more directly impact through changes in interest rates, supercore inflation is still way too hot, but it has begun to cool off, and all signs point to it and overall inflation getting back to something more comfortable over the coming 12-18 months.

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    Quiz

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    I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.
    A Albert Einstein
    B Joseph Stalin
    C Charles Dickens
    D Oppenheimer