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US inflation accelerates, tempering case for Fed to cut rates

Core CPI increased 0.3% in December

Bloomberg News

US inflation accelerated in December as Americans paid more for housing and driving, challenging investor bets that the Federal Reserve will cut interest rates soon. The consumer price index increased 3.4% in the year through December, the most in three months according to government figures. On a monthly basis, it also rose by more than […]

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