Fed’s ‘transitory’ inflation plot thickens again with rate at 30-year high

Photo caption: The Federal Reserve building is seen in Washington, U.S., October 20, 2021. Photo credit: Reuters / Joshua Roberts / File Photo. Article by Howard Schneider. Reuters – November 11, 2021.

WASHINGTON, Nov 11 (Reuters) – Inflation pushed more broadly through the economy in October again challenging the Federal Reserve’s outlook for only “transitory” price increases, offsetting recent wage hikes in a blow to consumers, and prompting investors to boost bets the central bank will raise interest rates sooner than expected. […]

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