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Tuesday, January 31, 2023

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Consumers aren’t convinced inflation’s easing. How that could lead to even higher rates.

Inflation is cooling, but don’t tell that to Americans. Even after a year-over-year rise in consumer prices slowed to 7.7% in October from a 40-year high of 9.1% in June, consumers still aren’t feeling optimistic that inflation will wane anytime soon. And in a kind of self-fulfilling prophecy, this …

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