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The Independent UK

National

Christopher Rugaber

Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

Inflation US Federal Reserve Donald Trump Joe Biden Kamala Harris Economy

Copyright 2024 The Associated Press. All rights reserved.

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The Federal Reserve's preferred inflation measure on Friday provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts this year and next.

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