Fed: Faster rate hikes are likely if inflation stays high

Fed: Faster rate hikes are likely if inflation stays high

By Christopher Rugaber | The Associated Press
Federal Reserve policymakers concluded last month that they would accelerate their tightening of credit if inflation failed to slow in the coming months.
Most officials agreed that faster interest rate hikes would be needed “if inflation does not move down” as the Fed’s policymaking committee expects, according to the minutes of the central bank’s…

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