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Inflation Cooldown Gives Fed Pause | Odessa News
Inflation just took a surprising breather—prices dropped 0.4% in June, the biggest monthly dip in four years, while annual inflation cooled to 3.5%. Core inflation, the more stable measure, held steady at 2.6%, signaling easing underlying pressure despite rising airfares and other global bumps. This data could give the Fed pause on raising rates again, especially as price cuts spread beyond energy to items like clothing. But watch out: AI-driven investments may push up chip and electricity costs, while retailers are already rolling back prices on thousands of products—creating a tug-of-war…
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