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US inflation rises more than expected, raising likelihood of Fed rate hike

US inflation rises more than expected, raising likelihood of Fed rate hike
Photo: NewsChannel 5 WTVF (CBS affiliate) · view original

U.S. inflation was higher than expected last month in a sign that the rising prices that powered sweeping Democratic victories in last weeks midterm elections will continue to pose challenges for the White House and the Federal Reserve. The consumer price index rose 0.4% from September to October...

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