Inflation Gauge Plummets, Fed Slows Rate Cuts
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milder inflation figuresAssociated Press News
•Federal Reserve's preferred inflation gauge shows price pressures eased last month
85% Informative
Inflation gauge that is closely watched by the Federal Reserve barely rose last month .
Prices rose just 0.1% from October to November , after two months of outsize 0.3% gains.
Year-over-year "core" prices, which exclude volatile food and energy costs, were unchanged at 2.8% in November .
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