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Fed may proceed with caution as US inflation rises to 2.6% in October
Business Standard
|November 14, 2024
A measure of underlying US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face in trying to bring price pressures fully under control.
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The so-called core consumer price index—which excludes food and energy costs—increased 0.3 per cent for a third month and 3.3 per cent from a year ago, Bureau of Labor Statistics figures showed Wednesday.
This story is from the November 14, 2024 edition of Business Standard.
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