U.S. Inflation Eased Slightly to 8.5% in July

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U.S. Inflation Eased Slightly to 8.5% in July
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U.S. inflation was 8.5% in July, holding close to its highest annual rate in four decades despite easing energy costs

The consumer-sentiment index and the consumer-confidence index both try to measure the same thing: consumers’ feelings. WSJ explains why the Federal Reserve is keeping a close eye on consumer confidence in 2022.

Illustration: Adele MorganThe pace of price increases slowed in July as energy costs dropped, pulling annualThe Labor Department on Wednesday said the consumer-price index, a measure of what consumers pay for goods and services,

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