'Inflation Reduction Act' Has Little Inflation Help, UPenn Study Says.

According to their modeling, the personal consumption expenditures index -- the main inflation gauge watched by the Federal Reserve -- may rise over the first few years, up to 0.05 percentage points in 2024. (Bloomberg) -- The Inflation Reduction Act of 2022, the breakthrough US legislative deal on key parts of President Joe Biden's agenda, likely won't reduce inflation at all, according to a study. "Inflation Reduction Act" Has Little Inflation Help, UPenn Study Says. [Extracted from the article]