Inflation Eases But Prices Still Up 8.5% Compared To A Year Ago

Inflation Eases But Prices Still Up 8.5% Compared To A Year Ago


Both gas prices and airfares have dropped but Americans are still facing sticker shock on just about everything else compared to a year ago. The hope is that inflation may have peaked earlier this summer and with 50-year-low unemployment numbers, a full recession could be less likely. Today’s numbers may give the Federal Reserve reason to slow down on interest rate increases.
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