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Federal Reserve official says inflation persistence led her to support interest rate hike

Federal Reserve official says inflation persistence led her to support interest rate hike
Photo: KPRC 2 / Click2Houston (NBC) · view original

A top Federal Reserve official said Monday that stubbornly high inflation and the renewal of combat in the Middle East in August were key reasons she supported raising borrowing costs last week, when she also penciled in a second rate hike for later this year. Susan Collins, president of the Fed...

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