Fed Makes Another ‘Unusually Large Increase’ in Interest Rates
There was a time last year when the term “transitory” was commonly used when federal officials discussed elevated inflation.
There was a time last year when the term “transitory” was commonly used when federal officials discussed elevated inflation.
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In response to unexpectedly persistent inflation, the central bank is increasing its planned pace for interest rate increases.
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The widely anticipated move further cements the commitment of the central bank to curb inflation and cool a hot economy.
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