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Fed opens meeting with smaller rate hike in the cards
Fed opens meeting with smaller rate hike in the cards
Business and Economy
by  AFP

US central bankers started a two-day policy meeting Tuesday, with all eyes searching for clear signs that decades-high inflation in the world's biggest economy is definitively slowing. A Fed spokesperson confirmed the policy-setting Federal Open Market Committee (FOMC) started its meeting as scheduled on Tuesday, and it is scheduled to announce its decision on Wednesday afternoon.

US inflation slows in November in smallest spike in year
US inflation slows in November in smallest spike in year
Business and Economy
by  AFP

US consumer inflation eased in November, according to government data released Tuesday, bringing some relief to policymakers with the smallest annual increase over the past year. Prices ticked up 0.1 percent from October to November, a smaller-than-expected increase after a prior 0.4 percent jump, the latest data showed.