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Inflation: Why the US is stuck in interest rate purgatory

GDP, adjusted for inflation, increased at a 1.6 per cent annual rate, but figures also included more evidence that efforts to tame price increases have stalled.

Economist: All of a sudden higher for longer could mean another hike – Orange County Register

GDP maths shows consumer prices rose at a 3.4% annual rate in the first quarter, up from 1.8% in the final quarter of last year.

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