Inflation falls to 3.1 percent as Fed holds crucial meeting ...Middle East

Consumer prices rose 3.1 percent over the past year as annual inflation continued to decline, according to data released Tuesday by the Labor Department. The Labor Department’s consumer price index (CPI) fell from an annual inflation rate of 3.2 percent in October after prices rose just 0.1 percent last month. Economists expected the annual inflation rate to fall to 3.1 percent after another month of prices holding steady. The new inflation data comes as Federal Reserve officials meet for the final time this year and mull whether to hike, cut or maintain their current baseline interest rates. The Fed is expected to keep rates unchanged Wednesday at the conclusion of the two-da

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