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US inflation reaches 3-year low as Federal Reserve prepares to cut interest rates
Voice of America
FILE - Shoppers pause in the produce section at a Walmart Superstore in Secaucus, New Jersey, July 11, 2024.
The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week.
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