No-show inflation poses conundrum for US Fed
Federal Reserve Chair Janet Yellen says it is too soon to say inflation has deserted the battlefield, but the central bank is unlikely to raise the benchmark lending rate until December (AFP Photo/CHIP SOMODEVILLA)/ Washington (AFP) - After tightening monetary policy last month for the second time this year, the US central bank is expected to pause for the next few months to monitor developments. The Federal Reserve will leave the benchmark interest rate untouched when it meets Tuesday and Wednesday, partly because it has yet to begin to ...
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