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Fed Minutes Show Officials Feared Markets’ Optimism Could Complicate Inflation Fight
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WASHINGTON—Federal Reserve officials raised concerns at their meeting last month that investors’ optimism that the central bank might end its rate rises could make it more difficult to slow the economy and combat high inflation.
Officials unanimously agreed to slow the pace of interest-rate increases by approving a 0.5-percentage point rate rise, but they projected somewhat higher-than-anticipated rates this year in new projections released on Dec. 14.
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