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27.02 - 18:23
Rising Inflation Keeps Pressure on Fed to Frontload Rate Increases
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Another strong inflation report is likely to add to the urgency Federal Reserve officials will feel to speed up a series of interest-rate increases this spring to ease surging prices and cool the economy.
Consumer prices in January rose 7.5% from a year earlier, and so-called core inflation, which excludes more volatile food and energy items, rose 6%. Both were their highest levels in 40 years.
Read more on wsj.comAbout this in other media
UK reports first budget surplus in Covid crisis despite rising inflation theguardian.com /2 years ago
Fed Official Leaves Door Open to Larger Rate Increase in March wsj.com /2 years ago
How Raising Interest Rates Curbs Inflation – and What Could Possibly Go Wrong cryptonews.com /2 years ago
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