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Consumer prices rise 6.3% in July as inflation eases

WASHINGTON — Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from gasoline to food may have peaked.

Fed planning to raise interest rates in order to cool inflation

The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation.

Price of gold soars to record high amid coronavirus pandemic

The price of gold surged to a record above $1,926 per ounce on Monday as investors moved money into an asset seen as a safe haven amid jitters about U.S.-Chinese tension and the recovery from the coronavirus pandemic.

In immigrant-heavy industry, meatpackers face worker shortage

Companies struggling to hire before the pandemic are spending millions on fresh incentives. Their hiring capability hinges on unemployment, industry changes, employees’ feelings about safety, and President Donald Trump’s aggressive and erratic immigration policies.

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