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Powell’s Fed Rate-Hike Plans Get Jolted by Inflation: Eco Week

  • BOE set to debate need for faster monetary tightening
  • BOJ confronts weakness of the yen at a two-decade low
Jerome Powell

Jerome Powell

Photographer: Al Drago/Bloomberg
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Jerome Powell could deliver a hawkish surprise on Wednesday even after effectively pre-announcing 50 basis-point interest-rate increases at the Federal Reserve’s meeting this week and in July.