A shopper in the toy aisle of a Target store in Chicago. Photographer: Christopher Dilts/Bloomberg.

U.S. consumer prices rose at a firm pace in November that was in line with expectations, solidifying expectations for the Federal Reserve to cut interest rates next week. The so-called core consumer price index (CPI)—which excludes food and energy costs—increased 0.3 percent for a fourth straight month, Bureau of Labor Statistics (BLS) figures showed Wednesday. From a year ago, it rose 3.3 percent.

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