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Fed Rate Rise

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business2 years ago

US Labour Costs and Inflation Boost Case for Fed Rate Hike

The rise in US labour costs and inflation has strengthened the case for the Federal Reserve to raise interest rates. The Fed has been closely monitoring inflation and labour market data as it considers when to begin tapering its asset purchases and raising interest rates. The central bank has indicated that it will begin to taper its asset purchases later this year if the economy continues to improve as expected.