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US Inflation Peak in Sight But Debate Rages Over What Comes Next

  • Fed hopes to tame inflation without too much economic pain
  • Skeptics say it will take a recession to bring prices down
Bloomberg business news
How Inflation Hurts and Helps - Explain This

Sky-high US inflation may finally be approaching a peak as global economic growth sputters and oil and other commodity prices plunge. Now the focus is shifting to how fast and far it will retreat.

Welcome to Round Two in the battle of dueling narratives on the cost of living.