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Hot Inflation Report Puts Pressure on Federal Reserve

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Hot Inflation Report Puts Pressure on Federal Reserve

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Another big increase in consumer prices last month led investors Wednesday to anticipate that the Federal Reserve would strongly consider raising interest rates by a full percentage point, which it hasn’t done in decades, at its meeting later this month.

Three Fed officials who spoke Wednesday didn’t say whether they would favor such a move, but they didn’t rule it out. “Everything is in play,” Atlanta Fed President Raphael Bostic told reporters in Florida.

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