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Drop in clothing prices tempers inflation
A 1.2% dip in apparel prices in July influenced core inflation, which increased just 0.2%, giving The Street something to smile about. Whether the Federal Reserve will push up interest rates at its next meeting remains a mystery, but some economists believe a slowing economy and a lower increase in core inflation will be big deciding factors.  Seattle Times, The/Associated Press (8/17), Los Angeles Times (8/17), Women's Wear Daily (8/16)

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