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Rising Inflation Keeps Pressure on Fed to Dial Back Stimulus Faster
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The latest strong inflation report strengthens the case for Federal Reserve officials to agree next week to accelerate the wind-down of their stimulus efforts, clearing the way for them to potentially lift interest rates in the spring.
Consumer prices in November rose 6.8% from a year earlier, a 39-year high, the Labor Department reported Friday. Excluding volatile food and energy categories, so-called core inflation rose 4.9% in November.
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