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Hotter-than-expected inflation raises chances of Fed rate hike

· cbsnews.com · popularity 33/100 · 0 similar stories today · Personal Finance & Investing (Money, Markets & Investing)

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Summary

Inflation rose at a monthly pace of 0.4%, hotter than economists had forecast and raising expectations that the Federal Reserve will increase interest rates in December.

Found in: CBS News Latest. Rating basis: single outlet; outlet tier 4; 1 feeds; feed position 3.