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Increased inflation concerns loom ahead of Fed’s committee meeting

The Federal Reserve’s policymaking committee is meeting this week. There probably won’t be a rate hike this time. The Fed is saving that for December, when there is an 80 percent possibility — according to the gamblers on Wall Street — of another boost in borrowing costs. Still, this week’s post-meeting message from the Fed will be carefully read for signs of increased inflation concerns. If Jerome Powell, the Fed’s chairman, sounds calm about inflation, the markets will rally. Share this:FacebookTwitterGoogleFacebook MessengerWhatsAppEmailCopy ...
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