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Inflation eased slightly in July, likely keeping Fed on track to cut rates
Inflation eased slightly on an annual basis in July, as Federal Reserve officials inch closer to interest rate cuts that will take some pressure off the economy.
Data from the Bureau of Labor Statistics released Wednesday showed prices rose 2.9 percent year over year, a slight improvement on the figure notched in June. Prices also rose 0.2 over the previous month.
The report will probably move central bankers closer to cutting interest rates at their next policy meeting in...
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