Business

Derby’s Take: Fed Faces Inflation Cross Currents Ahead of FOMC Meeting

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

The Fed has for some time been up against an unexpected surge in price pressures testing its desire to keep monetary policy on an aggressively supportive footing to help the U.S. economy recover from the body blow of the coronavirus pandemic.

Fed…

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