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Inflation Pickup Complicates Fed Outlook Beyond June Meeting

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June 10, 2022
in Business



Two bad inflation reports on Friday are likely to lead more Federal Reserve officials to support plans to raise interest rates by at least another 2 percentage points this year, a slightly faster pace than some had envisioned recently.

The latest data also raised questions over whether the central bank would change its tactics as it seeks to combat high inflation.



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