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Inflation Cooling, Oil Jumps, Fed Watches | Dayton News
Inflation just cooled to 3.5% year-over-year, the biggest monthly drop in four years, giving the Fed hopeful signs as they weigh interest rate moves. Meanwhile, oil prices surge amid U.S. military strikes on Iran and Trump’s renewed Hormuz blockade — but economists say it’s not spiking overall inflation, with core prices holding steady at 2.6%. Fed Chair Kevin Warsh is set to testify today, reaffirming the Fed’s zero tolerance for high inflation and signaling a path toward normalcy. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on…
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