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US inflation hits new record, forcing the Fed to rethink its strategy – Sydney Morning Herald
The highest US inflation rate since 1982 may force the Federal Reserve Board to accelerate its “tapering” of asset purchases…
The disruptions to supply chains that are a key driver of the burst of inflation show no signs of being resolved. Neither do energy costs, which have roughly doubled over the past year to the $US80-plus a barrel of oil levels last seen, briefly, in 2018.
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