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US Economy: Inflation eases but prices remain high, retail sales fall, jobless claims rise - The Economic Times
Inflation eased last month, but prices remain elevated for American consumers. Retail spending decreased sharply, surprising economists and signaling a slowdown. Existing home sales declined due to record prices and high mortgage rates. Wholesale inflation also fell, offering some relief for future consumer prices. Jobless claims rose slightly but the labor market remains stable.
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