Despite recent signs of cooling Inflation, the battle against high price increases is far from over. While there have been reports of multiyear lows in the rate of growth of consumer prices and producer prices, these figures do not capture the overall surge that led to the highest inflation level in over 40 years. Rising fuel prices and a stagnant housing market are still concerns. The Federal Reserve is expected to raise interest rates by at least half a percentage point by year-end, but there are worries that inflation may reaccelerate in early 2024.

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