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Inflation Stalls But Pressure Remains | Odessa News
Inflation’s stubborn grip continues as July’s personal consumption expenditures index held steady at 3.7%, far above the Fed’s 2% target. Services like healthcare and utilities are driving costs, while gas prices dipped—but may rebound. A major twist? The government’s upcoming recalibration of service cost measurements could soften inflation readings. Yet, real-world pinch remains: incomes are eroding, spending stalled in July, and rising gas prices loom. The Fed watches closely, holding rates steady but debating whether more hikes are needed to tame this complex, global-driven surge. Listen…
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