US Core Inflation Slows, Giving Fed Some Breathing Room on Rates
A key gauge of US consumer prices posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes.
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### Instruction: US Core Inflation Slows, Giving Fed Some Breathing Room on Rates

### Response: A key gauge of US consumer prices posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes.