The March inflation showed an annualized CPI of 3.5%, the highest in six months, but there’s still debate on whether or not this deals a blow to the thesis that inflation is coming down. Yes, prices remain high, but the pace of increase is on a downward slope – even when we count March’s headline number. Common wisdom says that the Federal Reserve is still on track to lower interest rates later this year – although perhaps not as quickly as had previously been hoped. The real key, according to a
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