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The Fed's worst nightmare could be around the corner
The Federal Reserve faces pressure to cut interest rates from investors and President Donald Trump. But the recent, albeit brief, spike in oil prices following an attack on oil fields in Saudi Arabia earlier this month raises a problem with that rate-cutting strategy: Inflation. The threat of stagflation — a toxic combination of a slowing economy combined with rising prices — could make Fed chair Jerome Powell's job much more difficult. Central bankers will need to pay even more attention to economic data points before making any further moves to cut rates. "The Fed is like a base runner stuck between first and ... (full story)
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