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Weak inflation erodes conviction at Fed on rate hikes


By Ann Saphir and Lindsay DunsmuirDALLAS/WASHINGTON (Reuters) - When the Federal Reserve raised rates earlier this week, Fed Chair Janet Yellen expressed confidence that recent weak inflation readings were transitory. Fed officials on Friday signalled that doubts are simmering. In an interview with Reuters on Friday, Minneapolis Federal Reserve President Neel Kashkari said he was not alone at the U.S. central bank in his view the Fed should have waited to raise interest rates until it was sure the recent drop in price pressures really is temporary."I wish other people were joining me in my ...

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First Published: Sat, June 17 2017. 02:02 IST