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The Fed’s preferred inflation gauge advanced 0.3%%. That was the biggest monthyly gain in eight months. AFP via Getty Images The policy statement accompanying the decision did not include the ...

The Federal Reserve's preferred inflation gauge showed prices rose as expected in December, and it remains above the central bank's target level amid its ongoing efforts to wrestle down inflation.

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The Federal Reserve’s preferred inflation gauge moved even higher in December, driven largely by rising energy prices as well as food. However, a closely watched measurement of underlying ...

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