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U.S. consumer prices post largest rise in nine months

U.S. consumer prices increased by the most in nine months in October amid gains in the cost of gasoline and rents, pointing to steadily rising inflation that likely will keep the Federal Reserve on track to raise interest rates again next month.

Macy's raises annual forecast before holiday season

Macy's Inc raised its annual earnings forecast on Wednesday, signaling a strong holiday shopping season ahead, as the department store chain builds on a recovery strategy that focuses on its well-performing stores and expanding online.

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