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Inflation gauge closely watched by the Fed falls to lowest level since early 2021

By Economic Times - 7 hours ago
Inflation in the U.S. has significantly cooled, approaching pre-pandemic levels, as reported by the Commerce Department. Core prices rose 2.7% in September from a year earlier. Despite some inflation pressures, the Federal Reserve is expected to cut interest rates soon, with consumer spending remaining resilient and employment strong.

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