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Inflation continues to rise and price hikes remain high, and despite slowing dramatically from the 40 year highs in 2022, it continues to be an issue and that means that the Federal Reserve will not be cutting interest rates anytime soon. Wednesday’s hotter than expected Consumer Price Index stoked concerns that both inflation and interest rates will remain higher for longer, causing causing the stock market to plunge 422 points. Soft landing or possible recession? It all depends who you ask, but what you can be sure is that the economy is still very volatile, and prices rose in pretty much every major category. 

We will continue to monitor industry news and bring you the latest information to help you make better decisions for your business. 

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