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Inflation report seals case for 0.75-point Fed rate hike in November


Another uncomfortably high inflation reading for September is likely to keep the Federal Reserve on track to raise interest rates by 0.75 percentage points at its meeting next month.

The report also raises the risk that officials will delay an expected slowdown in the speed of rate hikes after that. Another possibility is that they could telegraph an expectation that interest rates will have to rise to even higher levels early next year than policymakers and investors previously expected.

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