Cooling Inflation Likely Ends Fed Rate Hikes - The Wall Street Journal

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Consumers saw inflation cool in October after gasoline prices fell and underlying price pressures eased. The report suggests the Fed is likely done raising interest rates. Photo: Brandon Bell/Getty Images

A broad slowdown in inflation continued in October, likely ending the Federal Reserve’s

historic interest-rate increases. 

Consumer prices overall were flat last month and rose 3.2% from a year earlier, a slower pace than in September as prices for gasoline fell, the Labor Department said Tuesday.

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