The Consumer Price Index increased by just 0.1% in November, a win for the Federal Reserve that all but ensures the U.S. central bank won’t raise rates anytime soon.
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December 12, 2023
Inflation holds steady as price increases continue to slow
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Powell ‘not confident’ Fed has done enough to quash inflation
Federal Reserve Chair Jay Powell told reporters today that achieving price stability in the U.S. economy was not a sure thing yet and dismissed suggestions that the Fed could soon cut interest rates.
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Core price inflation picked up in September
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