The Fed says it ignores politics. Its rate moves tell a more complicated story
· cnn.com · popularity 35/100 · 0 similar stories today · Economy & Markets (Money, Markets & Investing)
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Summary
Federal Reserve officials agree that inflation needs to return to the central bank’s 2% annual target. Instead, the war with Iran has sent gas prices soaring, and price increases are starting to spread beyond the gas station. Last month, that prompted Fed officials to raise rates for the first time …
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