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Price hikes cooled slightly in April, continuing monthslong slowdown

Por: ABC News Business May 10, 2023

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Consumer prices rose 4.9% last month compared to a year ago, extending a monthslong slowdown and bolstering hopes that inflation will continue its return back to normal levels.The fresh data aligns with the Federal Reserve's effort to slow the economy and slash prices while averting a recession.The Fed last week escalated an aggressive series of interest rate increases with a quarter-point as it aims to slash inflation by slowing the... + full article



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