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CPI Data: October Showed a 0.2% Inflation Raise, Investors Eye Fed’s Next Move
- October CPI showed a 0.2% rise, aligning with forecasts.
- Year-over-year CPI increased to 2.6%, indicating ongoing inflation.
- This data may impact the Federal Reserve’s December rate decision.
- Despite October's economic challenges, experts forecast another 0.25% interest rate cut in December.
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