U.S. Core Inflation Cools, Bolstering Case for Fed Rate Cut

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U.S. Core Inflation Cools, Bolstering Case for Fed Rate CutThe core consumer price index, which removes energy and food costs, rose 2% from a year earlier, according to a Labor Department report Wednesday. Economists surveyed by Bloomberg had predicted a 2.1% increase. Stocks declined on the report, which follows other signs of slowing economic growth at home and abroad -- as well as uncertainty over the impact of President Donald Trump’s tariffs on Chinese goods -- that have bolstered expectations for Fed rate cuts this year.

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