By Howard Schneider WASHINGTON (Reuters) – Major U.S. retailers like Target Corp and Walmart Inc 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 surge of COVID-era inflation; but airline fares as of April were rising at a stratospheric 33% annual rate. The price of restaurant meals is accelerating, but with no break apparent yet in demand according to data from reservation site OpenTable. The Fed…