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.

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

February 13, 2024
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