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U.S. core inflation edges up amid volatile food prices

Owen Fairclough

02:41

The U.S. central bank hit the pause button on its interest rate cuts on Wednesday, Jan. 29, amid concerns inflation is rising again in parts of the economy. The Federal Reserve had been cutting the benchmark rate it raised to drive down price surges driven by the COVID-19 pandemic. And if that pause is tough for consumers and businesses, it also puts the Fed on a collision course with President Donald Trump. Owen Fairclough reports.

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