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US inflation ebbs for first time in six months in relief for Fed

Core CPI climbed 0.3% from March

Bloomberg News

A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.. The so-called core consumer price index — which excludes food and energy costs — climbed 0.3% from March, snapping a […]

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