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Final rule identifies benchmark rates based on SOFR to be used effective June 30, 2023.
The 50-basis-point hike is 7th in 2022, but target range for 2023 is still 85 basis points higher.
November CPI report shows annual inflation at 7.1% in November, down from 7.7% in October.
Economists say that report will make Fed's job harder.
The Bureau of Economic Analysis' original estimate was 2.6%.
CPI slipped to 7.7% in October, the smallest YOY increase since January.
