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Report: US Inflation Eases in July

Inflation in the U.S. economy rose at a slower pace during July. Wednesday's Labor Department report showed overall prices rose just one-tenth of a percentage point in July, with prices up a meager two-tenths of a percent over the past year. Outside the volatile areas of food and energy, so-called "core" prices advanced 1.8 percent for the year ending in July. Officials of the U.S. Federal Reserve are watching inflation and the U.S. job market closely as they...

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