Economic Update-Interest Rates, Employment, Housing and More

Inflation: from the LA Times:  Inflation remains high, fueled by housing costs-Overall rate dipped in April, but just barely. Fed policy to keep lid on prices has opposite effect in a key area. By Don Lee

Government data released Wednesday show that inflation eased a bit in April, but remains at a relatively high level. The latest report isn’t likely to lift the grim mood that much of the public has toward an otherwise solid economy.

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