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Federal Reserve

The central bank of the United States. It sets interest rates to keep prices stable and employment high, and supervises banks.

Economy

Federal Reserve considers accelerating rate hikes amid broadening inflation

Recent economic data indicates inflation in the United States is proving more persistent than initially anticipated, prompting discussion among Federal Reserve officials about potentially accelerating interest rate increases. The latest consumer price index report, released Tuesday, revealed rising costs across a wide range of goods and services, extending beyond the initial impacts of tariffs and elevated gasoline prices.

· TheBizNews desk 2 min read