Fed Seen Holding Rates Steady as Inflation Cools, But Wants More Proof Before Halting Hikes
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The Fed likely won't raise interest rates again this cycle as inflation cools. Markets now see rate cuts starting in March at the earliest.
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Key inflation indicators like CPI, PPI and retail sales showed further cooling in October. But Fed wants more proof before declaring victory.
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Sephora removed fragrances from shelves due to thefts, replacing them with testers. Shoppers must now request products from staff.
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UK inflation plunged to 4.6% in October, allowing PM Sunak to claim he halved inflation this year as pledged.
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But UK growth remains weak despite falling prices. Sunak's other big promise to boost growth is a distant prospect.