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Core prices, which exclude the more volatile food and energy costs, remained elevated in September, due in part to rising costs for medical care, clothing, autoinsurance and airline fares. The government has also reported that the economy expanded at a solid 3% annual rate Q2, with growth expected to continue at a similar pace in Q3.
President Biden Announces StudentLoan Forgiveness. On Wednesday, August 24, President Biden announced the federal government will extend the current pause on monthly studentloan payments. There may be challenges to the President’s reliance on this statute to forgive studentloan debt in the future.
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