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US inflation, jobs data bolster Fed December rate-hike chances

Fed chief says a rate rise would be appropriate if economic data kept pointing to improving labour market and rising inflation

The firming inflation backdrop and labour market that is approaching full employment are likely to encourage the US central bank to raise borrowing costs at its Dec 13-14 policy meeting.


US CONSUMER prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pick-up in inflation that potentially clears the way for the Federal Reserve to raise interest rates in December.

Prospects for a rate hike next...

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