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The U.S. economy slowed sharply from January to March, decelerating to a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories.

WASHINGTON — U.S. consumer inflation eased in March, with less expensive gas and food providing some relief to households that have struggled with surging prices for nearly two years.

WASHINGTON — U.S. consumer price increases eased from January to February but still indicated elevated inflation, posing a challenge for the Federal Reserve's interest rate plans.

WASHINGTON — America’s employers added a substantial 311,000 jobs in February, fewer than January’s huge gain but enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation.

Supply chains across the world are healing up almost as fast as they broke down. That doesn’t mean the pressure they’re exerting on inflation will disappear as quickly.

WASHINGTON — The Federal Reserve’s preferred inflation gauge rose in January at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy.

WASHINGTON — The pace of consumer price increases eased again in January, the latest sign that the high inflation that has gripped Americans for two years is slowing.

The government said Feb. 3 that employers added a sizzling 517,000 jobs last month and that the unemployment rate dipped to 3.4%, the lowest level since 1969.

WASHINGTON — The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy.

The pandemic-era surge in shipping costs was a “smoking gun” that foretold the global inflation spike, and the sharp drop in maritime-freight expenses since peaking last year will contribute to an easing in price pressures.