Fed inflation gauge cools again in October, adding to spring rate cut bets

Fed inflation gauge cools again in October, adding to spring rate cut bets

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The Federal Reserve's preferred inflation gauge slowed to a two-and-a-half year low last month, according to data published Thursday, adding to bets that the central bank will begin cutting interest rates in the spring of next year. The Bureau of Economic Analysis' PCE Price Index showed core…

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