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US inflation rises 2.7%, solidifies bets on Fed cut
Financial Express Bengaluru
|December 12, 2024
US CONSUMER PRICES rose at a firm pace in November that was in line with expectations, solidifying expectations for the Federal Reserve to cut interest rates next week.
The so-called core consumer price index—which excludes food and energy costs—increased 0.3% for a fourth straight month, Bureau of Labor Statistics figures showed Wednesday. From a year ago, it rose 3.3%.
Dit verhaal komt uit de December 12, 2024-editie van Financial Express Bengaluru.
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