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November CPI inflation data meets forecasts, cementing Fed rate cut bets
general :: 2024-12-11 :: source - yahoo finance
By Alexandra Canal
New inflation data out Wednesday showed consumer prices rose as forecast in November, keeping the Federal Reserve on track to lower interest rates again in December.
The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 2.7% over the prior year in November, a slight uptick from October's 2.6% annual gain in prices. The yearly increase matched economist expectations.
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