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Inflation Near 40-Year High Shocks Americans, Spooks Washington

  • In 2021, debate moved from business pages to kitchen tables
  • Price spike has changed prospects for fiscal and Fed policy
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Fear of Inflation Is Scaring Markets, Says Cathie Wood

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The U.S. is poised to enter Year Three of the pandemic with both a booming economy and a still-mutating virus. But for Washington and Wall Street, one Covid aftershock is eclipsing almost everything else.