WASHINGTON (AP) — Friday's inflation report is shaping up to be among the most consequential in years.
WASHINGTON (AP) — Friday’s inflation report is shaping up to be among the most consequential in years.
Oil and gas prices have spiked again on the back of renewed combat in the Middle East. The Federal Reserve is considering whether to lift its short-term interest rate next week, with some officials saying Friday’s report could swing them either way. And longer-term interest rates jumped Thursday, partly because of fears of higher inflation, pushing mortgage borrowing costs higher.
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Federal Reserve officials remain concerned about persistent inflation pressures. Incoming price reports will guide future…
