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Fed Not Ready to Declare Mission Accomplished on Inflation

  • Bank to hew to gradual rate rises even if inflation hits goal
  • Policy makers comfortable with above-target price rises
Bloomberg business news

Morgan Stanley's Zentner Says Inflation Moving Higher

Updated on

The Federal Reserve hit its elusive 2 percent inflation target last month but that doesn’t mean policy makers are ready to pronounce mission accomplished.

After spending much of the past six years below target, the central bank’s preferred measure of inflation rose to that level in March from 1.7 percent the month before, government data on Monday showed.