Inflation SHOCKER! Is YOUR Job Next?
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US inflation, as measured by the personal consumption expenditures price index (excluding food and energy), is expected to have risen. A report predicts a 2.9% year-over-year increase in July, the fastest pace in five months, and a 0.3% monthly rise. This presents a challenge for the Federal Reserve, who must balance rising prices with a potentially fragile job market.
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