Fed says it believes inflation will continue to fall; possible rate cuts ahead

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Nov. 27 (UPI) — Despite inflation in some sectors remaining outside the Federal Reserve‘s benchmark of 2%, officials indicated they are pleased with the current easing of interest rates, and more gradual cuts may follow.

The officials made the comments at a regular joint meeting of the Federal Reserve Board of Governors and the Federal Open Market Committee on Nov. 6-7, according to minutes released Tuesday.

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