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Fed Minutes Show Officials Feared Markets’ Rallies Could Hinder Inflation Fight
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WASHINGTON—Federal Reserve officials offered uncharacteristically blunt words of warning to investors that cautioned against underestimating the central bank’s determination to hold interest rates at higher levels to bring down inflation.
Minutes of the Fed’s policy meeting last month, released Wednesday, highlighted the tricky communications task that has vexed the central bank over the past six months.
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