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Benzinga
Benzinga
Business
Wayne Duggan

Did The Drop In CPI Inflation Impact The Outlook For Interest Rates?

Inflation Interest Rates Michael Gapen Nicholas Colas

The U.S. Federal Reserve recently raised its target Fed funds rate by 0.75% for the fourth time in five months as it attempts to get inflation under control.

Investors wondering if the Fed will pull the trigger on a fifth 0.75% hike at its next meeting in December got some key inflation data on Thursday morning suggesting the Fed may dial back the pace of its tightening.

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