Used Car Prices, the Biggest Boost to Inflation, Flatlined in July
Used car prices rose just 0.2% in July, sharply slowing from the double-digit gains of April and June. It's exactly what economists were looking for.
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Used car prices rose just 0.2% in July, sharply slowing from the double-digit gains of April and June. It's exactly what economists were looking for.
The price of used vehicles barely budged last month. Even so, they're still at record highs, inventories are tight, and things aren't improving.
After last week's volatile bout of stock trading, investors this week are set to focus on new labor market data, as well as a dwindling batch of quarterly earnings results.
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