Higher prices for food and rents were offset by appreciable drops in energy costs, leaving the inflation rate unchanged over the last two months throughout the Riverside metropolitan area, according to a report released Wednesday by the U.S. Bureau of Labor Statistics.
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The banking crisis that caused US officials to launch emergency interventions is unlikely to have significant direct costs for the federal government, according to Moody’s Investors Service.
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In the wake of Silicon Valley Bank’s collapse and subsequent banking meltdown, cash is king. The turmoil inflicted on financial markets has sent cautious investors running away from volatile markets and toward more liquid alternatives.
