What U.S. inflation signs would cause Fed to change course?

A bigger-than-expected increase in U.S. consumer prices has put investors on high alert for more signs of inflationary pressure that could tilt the Federal Reserve toward raising interest rates. Several investors said the consumer price index report released on Wednesday was not enough to prompt the Fed to change its course. But the news, which fueled worries that the economy is moving toward sustained higher inflation, rattled markets. “The argument is whether this bout of inflation is transitory or here to stay. And time will tell. I think it’s here to stay until you see labor costs and commodity costs … (full story)

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