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2021-06-22

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Fed Should Be Ready for Upside Risks to Inflation, Bullard Says

(Bloomberg) -- The Federal Reserve should be prepared for inflation to surprise on the high end thro

Fed Should Be Ready for Upside Risks to Inflation, Bullard Says

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The median projection of the 18 participants in the Federal Open Market Committee is for 3% core inflation this year and 2.1% in each of the next two years, according to estimates released last week following the central bank’s June meeting.</p>\n<p>Chair Jerome Powell sounded a hawkish note in his press conference following the meeting, saying there was a risk to inflation rising more than the FOMC’s estimates. 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