Inflation numbers are out today, overall it's still three times as high as the Fed's

long-range target.

Getting inflation back down to 2%, has a long way to go, and is likely to be bumpy.

When will price hike slow down?

I'm Lela Faldon, that's Sasha Fifer, and this is Up First from NPR News.

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President Biden approved the project going against one of his campaign promises.

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Stay with us, we'll give you the news you need to start your day.

New inflation numbers come out this morning and they're expected to show what most Americans

already know.

That prices are still climbing at an uncomfortably rapid rate.

The Federal Reserve has been trying to curb inflation by raising interest rates, but that

effort just got more complicated after the high-profile collapse of two regional banks.

NPR Scott Horsley joins us now, high-Scott.

Good morning, Sasha.

The Fed has been trying pretty aggressively for a while to bring inflation down, doesn't

seem that successful.

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