Economics

Fed Will Find It Hard to Talk About Path Ahead After March Hike

  • Inflation surge provokes further hawkish tilt on tightening
  • Cloudy outlook making it harder to provide assurance on policy
WATCH: Fed Governor Waller discusses the outlook for the U.S. economy, the central bank’s policy and its balance sheet. Source: Bloomberg
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Federal Reserve officials head toward their January meeting with only tentative conviction that inflation will finish the year below 3% -- as they predict -- and are already saying they may need to raise interest rates faster than expected.