Will Inflation Return From the Grave to Haunt Us?

The JournalJune 28, 2006

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Summary


This could prove to be an important week in setting the tone for markets. Tomorrow the Open Markets Committee of the Federal Reserve Bank will announce its decision on interest rates.

There are some who believe the increase could be as much as half of a percentage point. That may not sound much, but it is double the increases they have been delivering recently.

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Extract


Will Inflation Return From the Grave to Haunt Us?

Even if the rise is only the more usual 25 basis points, it is looking increasingly likely that we will have more increases in the p...

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