U.S. consumer prices rose less than expected in October, pushing the annual increase below 8%, the strongest signs yet that inflation was slowing, which would allow the Federal Reserve to scale back its hefty interest rate hikes.
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#inflation #consumerpriceindex #cpi #economy #federalreserve #unitedstates #News #Reuters #newsfeed
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Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled.
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