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Federal Reserve’s Favored Inflation Gauge Rises 2.6 Percent in November, Suggesting Easing of Price Pressures

All the numbers show somewhat more progress against inflation than economists had expected.

Michael M. Santiago/Getty Images
Traders on the floor of the New York Stock Exchange on April 26, 2023. Michael M. Santiago/Getty Images
PAUL WISEMAN
PAUL WISEMAN

WASHINGTON — The Federal Reserve’s preferred measure of inflation fell last month in another sign that price pressures easing in the face of the central bank’s interest rate hikes.

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PAUL WISEMAN
PAUL WISEMAN

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