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Lacker joins chorus calling for rate hike
With the economy on firmer footing in June than it was earlier in the year, and inflation unacceptably high, it "makes eminent sense" for the Federal Reserve to consider raising short-term interest rates, said Jeffrey Lacker, the president of the
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BoE Says Market Participants Revised Up Future Policy Rate
Market participants had revised up their expectations for future policy rates as higher energy costs added to perceived inflationary pressures in the near term, the Quarterly Bulletin of the Bank of England showed Monday.
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U.S. jobless claims jump in latest week
First-time filings for state unemployment benefits spiked upwards in the latest week, hitting their highest level since late March, as the number of continuing jobless claims marked their highest level since early 2004, the Labor Department repor
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Fed’s Plosser Says Interest Rates Need To Be Raised To Curta
Further cementing his status as an inflation hawk, Philadelphia Federal Reserve President Charles Plosser indicated on Thursday that the Federal Reserve would have to raise interest rates in the near future in order to curtail surging prices


