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Inflation Eats at Surging U.S. Pay With Biden Plans at Stake

  • Workers earning more are also paying more for everyday items
  • Wages, prices may shape path of $4 trillion in proposals
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WATCH: Fed Governor Christopher Waller says tapering could start earlier than originally thought.(Source: Bloomberg)
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Americans are enjoying outsized pay boosts this year from desperate employers, but the raises are failing to keep pace with surging prices for everyday goods.