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Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown

  • Report offers more details on FOMC debate over inflation pivot
  • Some officials favor ‘significant’ runoff of balance sheet
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Fed Minutes Signal Possible Faster Rate Increases
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Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.