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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.

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.

Oklahoma judge rules against drugmaker, orders $572M payment

An Oklahoma judge found Johnson & Johnson and its subsidiaries helped fuel the state’s opioid crisis and ordered the consumer products giant to pay $572 million.