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'Many' Fed officials think higher rates will be needed if inflation stays high

'Many' Fed officials think higher rates will be needed if inflation stays high
Photo: KSAT 12 (ABC affiliate) · view original

Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn't subside, minutes of the Fed's meeting last month showed. The minutes of the July 28-29 meeting, released Wednesday, don't provide specifics on how ma...

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