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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.

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

Dec 22, 2023, 09:02 AM ET

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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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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