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It's been over a month since New Mexico’s new retail crime law took effect. Albuquerque prosecutors said it's already showing results in getting serial shoplifters off the streets.
Last week, 31 people were arrested and almost $7,000 was recovered of stolen merchandise.
On Wednesday, the Federal Reserve announced the largest interest rate hike since 1994 at three-quarters of a percentage point. UNM economist Reilly White said it’s supposed to help over time.
