Hot Inflation Report Puts Pressure on Federal Reserve

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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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