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Masters merchandise can be had from the source for just one week every year, and numerous patrons Saturday admitted that scoring the collectable cups, the hats and tees, the chairs, umbrellas and other swag was just as much the reason—if not more so—for their being here than the golf itself or the beauty of the Augusta National’s immaculate course. Also, that Masters gnome...

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A key inflation gauge tracked by the Fed slowed in February

The Federal Reserve’s favored inflation gauge slowed sharply last month, an encouraging sign in the Fed’s yearlong effort to cool price pressures through steadily higher interest rates

The Federal Reserve’s favored inflation gauge slowed sharply last month, an encouraging sign in the Fed’s yearlong effort to cool price pressures through steadily higher interest rates. Friday’s report from the Commerce Department showed that consumer prices rose 0.3% from January to February, down from a 0.6% increase from December to January. Measured year-over-year, prices rose 5%, slower than the 5.3% annual increase in January. The report also showed that consumer spending rose 0.2% from January to February, a drop from a month earlier but an indication that households are still providing fuel for economic growth. Read moreA key inflation gauge tracked by the Fed slowed in February

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