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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
Add BT as a preferred sourcePublished Thu, Nov 17, 2016 · 09:50 PM
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Washington
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 month also got a boost from other data on Thursday showing first-time applications for unemployment benefits tumbling to a 43-year low last week and housing starts surging to a nine-year high in October.
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