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Red-Hot Inflation Grips Pockets of U.S. Midwest and South With Rates Over 9%

  • Rust-belt cities, oil towns see above-average price gains
  • Wisconsin small metro areas have become an inflation hotbed
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Summers Doubts U.S. Inflation Will Slow to 2% This Year

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The American heartland has become an inflation hotbed, highlighting how difficult it will be for U.S. policy makers to cool decades-high inflation that is gripping the economy.