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Rising Inflation Keeps Pressure on Fed to Frontload Rate Increases
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Another strong inflation report is likely to add to the urgency Federal Reserve officials will feel to speed up a series of interest-rate increases this spring to ease surging prices and cool the economy.
Consumer prices in January rose 7.5% from a year earlier, and so-called core inflation, which excludes more volatile food and energy items, rose 6%. Both were their highest levels in 40 years.
Read more on wsj.comAbout this in other media
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