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US Inflation Broadly Slows, Erasing Bets on More Fed Rate Hikes
Posted
November 14, 2023
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0:54Now PlayingUS inflation broadly slowed in October, which markets cheered as a strong indication that the Federal Reserve is done hiking interest rates.
The so-called core consumer price index, which excludes food and energy costs, increased 0.2% from September, according to government figures. Economists favor the core gauge as a better indicator of underlying inflation than the overall CPI. That measure was little changed, restrained by cheaper gasoline.
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