Fed's aggressive rate-hike path bolstered by new inflation, wage data

Fed’s aggressive rate-hike path bolstered by new inflation, wage data

July 29 (Reuters) – Federal Reserve Chair Jerome Powell said this week he’s looking for compelling signs that inflation is cooling before the U.S. central bank will let up on what’s so far been its most aggressive set of interest rate hikes in decades. In data released on Friday, he largely got the opposite. Inflation …

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