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Fed rate hike signals era of sticky inflation and stronger growth
Original: Federal Reserve rate hike reflects new world of sticky inflation, faster growth
The Federal Reserve has raised interest rates, a move analysts describe as a response to a changed economic environment in which inflation is proving persistent and growth is running faster than expected. Commentators say the central bank is adjusting to an economy that no longer fits earlier assumptions about rapidly cooling prices, with higher rates intended to keep inflation on a path back toward target.
Why now: Markets and the public are watching how the Fed responds to inflation that is proving more persistent than forecast.
Evidence
- Federal Reserve rate hike reflects new world of sticky inflation, faster growth · The North State Journal
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