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The Federal Reserve will need to see strong evidence that inflation is retreating before it will be willing to relax its policy of interest rate increases.
Source: etftrends.com
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The Federal Reserve will need to see strong evidence that inflation is retreating before it will be willing to relax its policy of interest rate increases.
The Federal Reserve minutes were released earlier this week, and they indicated that the central bank is ready to deliberately slow the economy.
The consumer price index for April came in at 8.3%, and while it is slightly lower than March’s 8.5%, it was still higher than expected.