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Fed Officials Signal March Rate Hike on Track Despite Ukraine

  • Central bankers stress need to confront strong inflation
  • Waller open to debating half-point hike if inflation data hot
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Federal Reserve officials stuck to their resolve to raise interest rates next month despite uncertainty posed by Russia’s invasion of Ukraine, with at least one policy maker considering a half-point move.

While acknowledging the risks created by the conflict, which has triggered one of the worst security crises in Europe since World War II and caused oil prices to jump, U.S. central bankers stressed the need to confront the hottest U.S. inflation in 40 years.