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Fed Pivots Toward Jumbo Hikes After Being Slammed as Too Slow

  • Price relief looks more distant with war affecting food, fuel
  • Fed wants its policy shift part of conversation as prices soar
Bloomberg business news
Federal Reserve Leaders on Policy, Rate Hikes, Soft Landing

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Federal Reserve officials, rattled by persistent inflation and criticism that they’re behind the curve, have pivoted toward an even more aggressive plan of interest-rate hikes than they signaled earlier this month to ensure price increases cool.