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Currency traders talk each others near the screens showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Dec. 12, 2024. Inflation in the U.S. ticked up to 2.7% in November from a year earlier from 2.6% in October, fueled by pricier used cars, hotel rooms and groceries. That shows some price pressures remain elevated, but not enough to prevent the Fed from cutting interest rates at its meeting next week.after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation.
Stitch Fix soared 44.3% after the company that sends clothes to your door reported a smaller loss for the latest quarter than analysts expected. It also gave financial forecasts for the current quarter that were better than expected, including for revenue.
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