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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Underlying US inflation was subdued in July, likely easing pressure on the Federal Reserve to raise interest rates. The consumer price index, excluding often-volatile food and energy categories, increased 0.2% from a month earlier , according to Bureau of Labor Statistics data out Wednesday. On an annual basis , it advanced 2.5%, matching the slowest pace since March 2021.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Underlying US inflation was subdued in July, likely easing pressure on the Federal Reserve to raise interest rates. The consumer price index, excluding often-volatile food and energy categories, increased 0.2% from a month earlier , according to Bureau of Labor Statistics data out Wednesday. On an annual basis , it advanced 2.5%, matching the slowest pace since March 2021.
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