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‘We have a whole lot more to go down’: Suze Orman says we’re headed for a recession and warns things may get a ‘little bit ugly.’ Here’s what she likes for safety

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The Wall Street Journal

Derby’s Take: Two Fed Indexes Show Underlying Inflation Picking Up

Two Federal Reserve indexes that aim to track underlying rates of inflation show that pressure continues to mount on that front, which will likely help keep the U.S. central bank on the path to raise rates. On Thursday, the Federal Reserve Bank of Dallas said that compared to a year ago, the Trimmed Mean PCE index rose to 4.0% for May from 3.8% in April and 3.7% in March. Meanwhile, the Federal Reserve Bank of Cleveland’s Median PCE moved to a 4.8% increase in May versus the same month in 2021, up from the 4.4% annual rise seen in April.

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