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Inflation let-up? Wholesale prices fell in October by most since worst of pandemic

Wholesale prices fell half a percentage point in October, the Bureau of Economic Analysis reported Wednesday in an update to the producer price index, thanks in large part to cratering gas prices in the month. ....

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Job openings tick up in sign of labor market resilience

The number of job openings in the United States rose to 9.61 million in August, reversing the trend after three straight months of declines. ....

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Fed Pauses Interest Rate Hikes Again—But Ups Long-Term Forecast

Central bank officials shared Wednesday they expect to cut rates less than expected by the end of next year, largely unwelcome news for investors. ....

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Savings accounts growing in popularity as investments amid higher interest rates

These long seemed wasteful, given annual returns of less than 1%. ....

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Powell set to testify before Congress — here's what to expect

Federal Reserve Chairman Jerome Powell is set to face questions from lawmakers about inflation, the possibility of recession, and much more this week as he makes required semiannual appearances before Congress. ....

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