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Inflation is receding faster than the Federal Reserve’s predictions

Nov 30, 2023

Inflation is receding faster than the Federal Reserve’s predictions

Olivier Douliery/AFP via Getty Images

PCE price index receded to a 3% annual rate in October; continuing claims for unemployment benefits hit a 2-year high; New York Fed Chief Williams says interest rate hikes are likely done; Ford says strike cost $1.7 billion.

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