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Inflation Slows Down, but Public Sentiment Remains Sour
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Inflation in the US is slowing down, but public sentiment remains negative. The Federal Reserve is considering cutting interest rates, with bets on a rate cut in May. The Consumer Price Index (CPI) fell to 3.2% for the 12 months that ended in October, down from 3.7% in September. The NY Fed's report showed softer inflation expectations, while the Philly Fed's survey indicated a rise in expected inflation.
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How might a rate cut by the Federal Reserve impact the economy?
How might the increase in expected inflation affect consumer spending?
What factors contribute to the negative public sentiment towards President Biden and the Federal Reserve?
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