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US inflation slows more than forecast, gives Fed downshift room

The consumer price index was up 7.7% from last year

Bloomberg News

US inflation cooled in October by more than forecast, offering hope that the fastest price increases in decades are ebbing and giving Federal Reserve officials room to slow down their steep interest-rate hikes. The consumer price index was up 7.7% from a year earlier, the smallest annual advance since the start of the year and […]

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