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Inflation gauges in the US and eurozone are set to show the smallest annual increases since early or mid-2021, reinforcing sentiment that interest rates will not be raised again.
The US Federal Reserve’s preferred measures will be published on Thursday, with the personal-consumption expenditures price index rising 3.1% in October from a year ago. The core measure, which excludes food and fuel and is considered a better gauge of underlying inflation, is expected to have climbed to 3.5%.
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