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Inflation holds grip on US economy in October as prices remain stubbornly high

Por: Fox Business Business November 10, 2022

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PGIM co-chief investment officer Greg Peters weighs what the future of the economy will look like following the Fed’s sixth rate hike. Inflation cooled more than expected in October, but consumer prices remained near a multi-decade high, continuing to squeeze millions of U.S. households and small businesses. The Labor Department said Thursday that the consumer price index, a broad measure of the price for everyday goods including gasoline,... + full article



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