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Inflation continued to its rapid rise in November, leading a CUNA economist to predict the Fed will start to tighten its monetary policy in the first half of next year.

The U.S. Bureau of Labor Statistics reported Friday that the Consumer Price Index rose 0.8% from October to November after seasonal adjustments, down slightly from the 0.9% gain in October. Prices over the past 12 months are up 6.8%.

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Michael Ogden

Editor-in-Chief for CU Times.

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