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Trump says inflation data shows Fed can cut interest rates

— Consumer prices climbed 2.7% annually in December, marking the end of a year of continued concerns about affordability for Americans.

The Consumer Price Index for All Urban Consumers increased 0.3% on a seasonally adjusted basis in December, the U.S. Bureau of Labor Statistics reported Tuesday. Over the last year, the all items index increased 2.7%.

Excluding food and energy, the index rose 2.6% o…

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