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via cnbc.comEconomy

The Fed expected rate cuts this year. Now it's bracing for another inflation fight

FROM THE WIRE · CNBC.COM

As the final meeting of the Federal Open Market Committee looms on Dec. 8, inflation has reemerged as the Fed's bugbear. Inflation has run above the Fed's 2% target for more than five years, and Fed officials are sounding the alarm.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishInflation above target and the December 8 Fed meeting can shift expectations for rates and bonds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The final FOMC meeting is scheduled for December 8.
  2. 02Inflation has run above the Fed's 2% target for more than five years.
  3. 03Fed officials are sounding the alarm.

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