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Fed Doesn’t Yet Favor a Half-Point Hike or an Emergency Move

  • Inflation report showed fastest price gains in four decades
  • Traders saw even chances of 50 basis-point move after data
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Breaking Down January's Very Hot Inflation Report
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Federal Reserve officials are in no rush to raise interest rates prior to their scheduled policy meeting next month, nor is a half percentage-point move in March yet likely, despite a bigger-than-expected jump in consumer prices that stoked speculation about such options.