Photo: A sign advertising apartments for rent is displayed in front of an apartment complex on July 8, 2009 in San Francisco. Vacancy rates for U.S. apartments have spiked to a 22-year high of 7.5%. (Photo by Justin Sullivan/Getty Images) A sign advertising apartments for rent is displayed in front of an apartment complex on July 8, 2009 in San Francisco. Vacancy rates for U.S. apartments have spiked to a 22-year high of 7.5%. (Photo by Justin Sullivan/Getty Images)

Wall Street may be grappling with financial fallout from a new banking crisis, but the beast of persistent and elevated U.S. inflation is proving tough to tame.

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