US inflation hits two-year low, giving hope for end to Fed hikes
The consumer price index rose 3% last month from a year ago
US inflation sharply cooled last month, offering fresh hope that the Federal Reserve can soon wrap up the most aggressive interest-rate hikes in decades. The consumer price index rose 3% last month from a year ago, according to data out Wednesday from the Bureau of Labor Statistics. From May, it advanced 0.2%. Excluding food and […]
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