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With both official rates and inflation still not far from zero, the Fed will probably have to go back to bond-buying or quantitative easing (QE) the next time the US faces an economic downturn, which is bound to happen in the next few years given we're nine years into an economic expansion. The central bank's preferred measure stood at 1.4% in August. US inflation has undershot the Fed's 2% target for much of the economic recovery, and has been moving lower this year.
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