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Central Banks

Unrelenting Inflation, Tepid Sales Raise Curtain on Fed Meeting

  • Firmer CPI seen sealing a third outsized interest-rate hike
  • Busy week of data also showed plodding manufacturing activity
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Summers Says Fed Terminal Rate Above 5% Wouldn't Surprise

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Inflation remains inexorable, retail sales are muddling along and manufacturing is struggling for momentum, an avalanche of economic data showed in the week before a pivotal Federal Reserve policy decision.