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US core inflation slows, giving Fed some breathing room on rates

The consumer price index rose 0.2% in November

Bloomberg News

A key gauge of US consumer prices posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes. Excluding food and energy, the consumer price index rose 0.2% in November and was up 6% from […]

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