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Excerpt
July 2023, Interview: "U.S. unemployment is close to a 50-year low (3.6 percent), wages grew last month (4.4 percent), exceeding May’s inflation rate for the first time since 2021, and despite a series of interest rate hikes by the Federal Reserve, retail spending is keeping pace with inflation, which slowed to 3 percent in June, down from 9 percent a year ago." Read Via the Harvard Gazette