Fed-favored inflation gauge surprises by showing slower price increases in November
The barometer of U.S. inflation favored by the Federal Reserve rose more slowly than expected in November, breaking what appears to a gradual drift higher in prices that forced the central bank to scale back plans to cut interest rates.
The barometer of U.S. inflation favored by the Federal Reserve rose more slowly than expected in November, breaking what appears to a gradual drift higher in prices that forced the central bank to scale back plans to cut interest rates.
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