Why a Hot Jobs Market Means the Fed Is Facing a Sticky Summer
- FOMC sends strong signal in minutes for a June increase
- Several officials saw downside risks to outlook for inflation
85% Chance of a Fed June Rate Hike According to a Poll
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The U.S. job market is hot. Inflation is not.
That’s the dilemma U.S. central bankers face right now as they wonder why low levels of economic slack aren’t raising prices.