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Greg Ip: Behind Fed Confidence on Inflation, Some Anxiety Creeps In
Central bank is warily watching whether the public’s expectations of inflation are starting to head up. The Federal Reserve is sticking to its story. The factors that drove annual core inflation up to a near-30-year high of 3.8% in May are largely “transitory,” it said Wednesday. Chairman Jerome Powell reiterated the point several times in
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Posted: June 16, 2021 Wednesday 06:50 PM