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Tuesday, November 26, 2024

There Are Signs Inflation May Have Peaked, but Can It Come Down Fast Enough?

Growing signs that price pressures are easing suggest that June’s distressingly high 9.1% increase in consumer prices will probably be the peak. But even if inflation indeed comes down, economists see a slow pace of decline. Ed Hyman, chairman of Evercore ISI, pointed to many indicators that 9.1% …

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