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It s overshadowing a winning economy. how do you manage that? well, we start by looking at this month s data, and getting a little bit under the hood. what we saw was the 0.5% increase month over month was actually a deceleration, a welcome deceleration from october and november. and that was driven by a reduction in energy prices, principally gas prices, which is good news, wells a reduction in the rate of increase flood costs, particularly food at the grocery store. so that reflects some progress. at the same time, you re absolutely right. the price increases are too high and they are affecting family s household budgets and their outlook on the economy, which is why we are focused on the things that we can do to sustain that strong growth that you re saying. sustain a strong economy, a sustainable economic recovery, while going at prices. that start with congress confirming the senate confirming the president s nominees for the dhar and vice chair of the federal reserve. ....
New research suggests an increase in US flood costs by 2050 due to climate change alone, disproportionately affecting Black communities, while remaining concentrated on the Atlantic and Gulf coasts. ....