Fed faces inflation cross currents ahead of FOMC meeting

Fed faces inflation cross currents ahead of FOMC meeting

As the Federal Reserve gears up for its monetary policy meeting next week, it is facing some tough cross currents on the inflation front.

The Fed has been against an unexpected surge in price pressure for some time, testing its willingness to aggressively hold monetary policy at supportive levels to help the US economy recover from the body’s shock of the coronavirus pandemic .

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