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Inflation Alarm Bells Are Actually Getting Softer


(Bloomberg Opinion) — The release on Wednesday of the latest Consumer Price Index data just confirms what everyone already knows: that inflation is hovering at a 40-year high, seemingly out of control. The 9.1% June inflation rate and similar metrics help explain why consumers say they’re gloomier than at any time since the 2008 financial crisis, why the Federal Reserve has made credit the tightest since 1994 and why President Joe B…





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