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Even as inflation data indicates that consumer prices are the highest in the United States than they have been in nearly four decades, there are signs that the rot is slowing as energy prices inch lower, supply chains show marked improvement and the job market booms. Last week, the US Department of Labor reported that inflation rose 6.8% in the last twelve months, the highest increase on record since 1982. However, a wave of optimism has been fueled as energy prices inch to a seven-week low and the Fed projects more cuts ahead. According to a report by CNN, signs
