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US inflation slows but remains elevated

The Labor Department report showed that the consumer price index rose 0.3% from December to January, up from a 0.2% increase the previous month.

Fed signals it could cut interest rates 3 times in 2024

The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and Chairman Jerome Powell said inflation has cooled.

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The stock market fell the most since June 2020 following Wall Street’s humbling realization that inflation is not slowing as much as hoped.

 
US inflation reached new 40-year high in June

Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June.