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Inflation Cooling But Uncertainty Lingers | Raleigh News
Inflation’s cooling trend offers a glimmer of hope, but the picture remains murky. July’s numbers show a slight dip to 3.4%, buoyed by falling gas prices—only for those prices to creep back up. While grocery shoppers scramble with coupons and retailers roll back prices, many businesses still pass on costs. The Fed watches core inflation closely, still stubbornly above their 2% target, hinting at deeper issues like wage-driven service costs. With job cuts signaling weakness, the Fed faces a tough call: raise rates further to curb inflation—or risk stalling recovery. The market’s split on their…
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