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Higher gas and rents keep US inflation elevated

The latest figures on consumer prices threaten to torpedo the prospect of multiple interest rate cuts from the Federal Reserve this year.

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Stocks hit record highs after Fed forecasts interest rate cuts

The Nasdaq, S&P 500 and Dow Jones industrial average all rose after the Federal Reserve indicated it expects to issue three interest rate cuts in 2024.

Gas prices on the rise with seasonal switch

Gasoline prices are rising in line with the seasonal switchover to summer blend fuels this week, with the national average for a gallon of gas up about 7 cents.

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