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Fed officials 'highly attentive' to inflation despite recent progress
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investmentweek.co.ukThe committee acknowledged inflation had eased over the past year, with the CPI annual rate falling to 3.1% in January but remaining above its 2% target. Officials remained «concerned» that higher inflation continues to harm households, especially those with «limited means». The Fed highlighted that the progress in driving down inflation reflected «idiosyncratic movements in a few series». Jerome Powell: Fed united in cutting rates this year Committee members noted they would need «greater confidence» that inflation was moving towards target to cut rates. The minutes confirm...
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