US inflation eases as food costs cool
Annual US inflation dipped to 3.4% in July, with food costs slowing and housing keeping prices slightly higher.
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"The Fed cannot use a 'magic wand' to undo years of above-target inflation and must stay patient as price growth cools gradually."
— Kevin Warsh , Executive
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Annual US inflation dipped to 3.4% in July, with food costs slowing and housing keeping prices slightly higher.
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