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100 percent of Bloomberg economists were wrong on the latest inflation report.
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US producer prices flat in June, but tariffs lift goods costs ReutersWholesale inflation measure was unchanged in June CNBCThe tariff-driven inflation that economists feared begins to emerge AP NewsTrump Effect Starts to Show Up in Economy - WSJ The Wall Street Journal
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U.S. stocks are shaky on Wednesday as President Donald Trump said he had "talked about the concept of firing" the head of the Federal Reserve. Such a move could help Wall Street get lower interest rates, which it loves, but could also mean a weakened Fed unable to make the unpopular moves needed to get inflation under control.
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