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Fed signals rate hikes coming 'soon' amid inflation concerns

Posted on AllSides January 26th, 2022
From The Left
Anna Moneymaker/Getty Images

Officials at the Federal Reserve on Wednesday signaled that they could "soon" raise interest rates for the first time in three years, as inflation concerns cast a shadow over the pandemic-battered economy.

The central bankers said in a statement Wednesday that they were leaving rates unchanged for now, at near-zero levels, but with a recovering labor market and the threat of inflation, this will likely change in the near future.

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