Shoppers peruse a display of Rainer cherries at a Costco warehouse Tuesday, July 11, 2023, in Sheridan, Colo. On Friday, The Commerce Department issues its June report on consumer spending. (AP Photo/David Zalubowski)
July 29, 2023
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July 29, 2023 midnight
US price and wage increases slow further in the latest signs of cooling inflation
Together, the figures provided the latest signs that the Federal Reserve's drive to tame inflation may succeed without triggering a recession, an outcome known as a "soft landing."