Inflation & Prices
US Core Inflation Seen Returning to 40-Year High as Rents Rise
- CPI excluding food, energy probably rose 6.5% from year ago
- Report expected to keep Fed on path to big November rate hike
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A key US inflation measure due Thursday is set to return to a four-decade high, underscoring broad and elevated price pressures that are pushing the Federal Reserve toward yet another large interest-rate hike next month.