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Inflation cools in April as experts eye housing costs

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New data released Wednesday by the Bureau of Statistics showed inflation cooled to an annual rate of 4.9% in April, but is still short of the Federal Reserve's goal of 2%. Betsey Stevenson, professor of public policy and economics at the University of Michigan, joined CBS News to discuss whether this report is in line with what economists predicted, and what to expect from housing costs.

#inflation #housing #realestate

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Category
News and politics
Tags
Inflation, U.S., MoneyWatch

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