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Fed Officials Rattle Rate-Hike Saber as Price Pressures Surprise

  • Investors taken unawares by dot plot showing two 2023 hikes
  • Powell says there’s a ‘lot of uncertainty’ over inflation
Bloomberg business news
WATCH: Fed Chairman Jerome Powell speaks about the FOMC’s decision to leave rates unchanged.(Source: Bloomberg)

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Federal Reserve officials have said for months that price increases are temporary. On Wednesday, they weren’t so sure.