US inflation falls by more than expected in November
Written by Black Hot Fire Network on December 22, 2023
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US rate-setters’ preferred measure of inflation fell by more than expected in November, bolstering investors’ expectations of rate cuts next year.
The core personal consumption expenditures price index showed prices rose by 3.2 per cent last month, down from a revised figure of 3.4 per cent in the year to October, according to data from the Bureau of Economic Analysis.
The month-on . . .
