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Inflation likely stayed higher than Fed officials would like in April if early forecasts are correct. The cost of living as measured by the Consumer Price Index likely rose 3.4% over the year in April, down from a 3.5% increase in March according to a survey of forecasters by Dow Jones Newswires and the Wall Street Journal, ahead of the official figures due ...
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Business activity continued to decline in New York State, according to firms responding to the May 2024 Empire State Manufacturing Survey. The headline general business conditions index was little changed at -15.6. New orders declined significantly, while shipments held steady. Unfilled orders continued to decline. Delivery times shortened, and inventories ...