The upcoming inflation data will significantly influence the Federal Reserve's final decision on interest rate cuts during their December meeting, underscoring the report's critical importance.
Fed officials maintain a vigilant watch on inflation, signaling their determination to drive it back to the target rate of 2 percent, despite recent slow progress.
Recent trends indicate inflation may be stalling above the desired target, prompting concerns among Fed policymakers about the ongoing effectiveness of their strategies to control inflation.
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