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Newsfeed: Fed to Inflict More Pain on Economy as It Readies Big Rate Hike

Newsfeed: Fed to Inflict More Pain on Economy as It Readies Big Rate Hike

The Federal Reserve will probably have to inflict much more pain on the economy to get inflation under control. Growth is already slowing in response to the Fed’s repeated interest rate increases, with the housing market softening, technology companies curbing hiring and unemployment claims edging up.

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Newsfeed: Grocery items with the greatest price change in March

Newsfeed: Grocery items with the greatest price change in March

The cost of groceries increased nearly 10% year-over-year and 1% since February, driven largely by a rise in prices of meat, poultry, fish, and eggs, according to Consumer Price Index data from the Bureau of Labor Statistics released Tuesday, April 12. The report was released amid the highest documented inflation in more than four decades.

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