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Fed: We’re Worried About Persistent Inflation, Too
Federal Reserve officials of late have been worried both about the persistence of inflation and a slowing economy, minutes of the central bank’s recent meeting released on Wednesday showed. The Fed chose to keep its key interest rate steady at the highest level in some two decades at its April 30 to May 1 gathering. Officials will meet again June 11 and 12 to consider interest rate policy, though markets do not expect any changes to rates before the central bank’s September meeting. There was little in the meeting that was unexpected, the minutes showed. But confirmation of the stubbornness of inflation – along ... (full story)
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