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Dollar adds to losses after CPI report; Investors await Fed decision

“Then, the November inflation report showed a slowing of core consumer price growth, which exclude volatile items such as gasoline, while headline inflation was in line with forecasts” writes Markets Reporter for marketwatch.com. Traders were also looking ahead to the Federal Reserve decision later in the day at 2 p.m.Down under, the Australian and New Zealand dollar are also stronger on the back of the falling greenback. Source: marketwatch.com Share This:

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Higher gas prices boost inflation, squeeze paychecks in November, CPI finds

“If gas and food are stripped out, the so-called core rate of inflation rose a weaker than expected 0.1%” writes Jeffry Bartash for marketwatch.com. Higher inflation isn’t helping workers, though.Clothes prices posted the biggest one-month decline in almost 20 years, largely explaining the surprising weakness in the core rate of inflation. Source: marketwatch.com Share This:

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US consumer prices rise marginally, core CPI firming

“The year-on-year core CPI had increased by 1.7 percent for five straight months” reports foxbusiness.com. October’s increase lifted the year-on-year increase in the core CPI to 1.8 percent.That lowered the year-on-year increase in the CPI to 2.0 percent from 2.2 percent in September.The cost of hospital services increased 0.5 percent and prices for doctor visits rose 0.2 percent. Source: foxbusiness.com Share This:

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Core CPI picks up in October, giving green light to Fed hike

“The pickup in core inflation may be enough to keep the Fed on track to raise interest rates in December” writes Senior Economics Reporter for marketwatch.com. The numbers: The consumer price index rose 0.1% in October, held down by falling energy prices.The drop in energy prices in the CPI pushed the yearly rate of inflation down to 2% from 2.2% in September. Source: marketwatch.com Share This:

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US core inflation stuck at 1.7% again – USD falls across the board

“Disappointing US inflation figures: CPI and core CPI both miss expectations and monthly and yearly figures” writes Yohay’s Google Profile for forexcrunch.com. The US was expected to report a rise in core inflation from 1.7% to 1.8% in September, boosting the case for a rate hike by the Fed.We wrote that weak inflation could hit the dollar and indeed: the US dollar is falling across the board. Source: forexcrunch.com Share This:

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U.S. inflation surges again after hurricane boosts gas prices, CPI shows

“The recent energy-driven rise in CPI pushed the yearly rate of inflation to 2.2% from 1.9% to match a six-month high” writes Jeffry Bartash for marketwatch.com. The big picture: The mini-surge in inflation since August mostly reflects higher energy prices, but they already started to decline as refineries get back in business.At the very least, the recent rise in inflation is likely to keep the Fed on track to raise a key U.S. interest rate in December. Source: marketwatch.com Share This:

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Gasoline boosts US consumer prices, but underlying inflation muted

“U.S. consumer prices recorded their biggest increase in eight months in September as gasoline prices soared in the wake of hurricane-related production disruptions at oil refineries in the Gulf Coast area, but underlying inflation remained muted” reports foxbusiness.com. The year-on-year core CPI has now increased by the same margin for five consecutive months.Last month, food prices rose 0.1 percent after a similar gain in August.In the 12 months through September, the core CPI increased 1.7 percent. Source: foxbusiness.com Share This:

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