Hot Inflation Report Puts Pressure on Federal Reserve


One other huge increase in consumer prices final month led traders Wednesday to anticipate that the Federal Reserve would strongly think about elevating rates of interest by a full share level, which it hasn’t executed in a long time, at its assembly later this month.

Three Fed officers who spoke Wednesday didn’t say whether or not they would favor such a transfer, however they didn’t rule it out. “Everything is in play,” Atlanta Fed President Raphael Bostic advised reporters in Florida.


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