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Inflation uptick shows why Federal Reserve is taking wait-and-see approach to rate cuts (Video)

New data from the Labor Department shows inflation ticked up to its highest level since February in June with consumer prices rising at an annual rate of 2.7%. CBS News MoneyWatch correspondent Kelly O'Grady has more.

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Inflation uptick shows why Federal Reserve is taking wait-and-see approach to rate cuts (Video)

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Inflation uptick shows why Federal Reserve is taking wait-and-see approach to rate cuts (Video)

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