prices

U.S. retailers cut prices but services keep inflation hot

U.S. retailers cut prices but services keep inflation hot

WASHINGTON, June 9 (Reuters) – Major U.S. retailers like Target Corp (TGT.N) and Walmart Inc (WMT.N)have been cutting prices to clear overstocked warehouses, but hotel revenue is pouring in as daily room rates and occupancy have broken above pre-pandemic levels. Used car prices are no longer surging at the chart-topping pace that drove an initial …

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