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Thursday, Mar 28, 2024
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Core Inflation Higher, Housing Starts Surge

A drop in energy costs pulled U.S. consumer prices down last month, but core inflation moved up modestly and housing starts surged, according to data on Wednesday that bolstered expectations for a steady diet of interest-rate rises.

In addition, initial claims for state unemployment aid plunged by 48,000 last week, the biggest drop in more than three years–a further suggestion of the economy’s fundamental strength.

*For more on this story,


read the full Reuters article.

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