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flag Labor Department reports last month's cost of living data, providing insights for Federal Reserve's decision-making on potential interest rate reduction amid inflation trends.

flag The Labor Department has released the cost of living statistics for last month, providing insights into current inflation trends. flag The Federal Reserve is seeking further evidence that price increases are slowing down before considering a reduction in interest rates. flag The report is crucial for understanding the current state of the economy and informing decision-making by the central bank.

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