Fed officials wary of losing progress on inflation after strong job gains ...Middle East

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Fed officials wary of losing progress on inflation after strong job gains
Federal Reserve officials are optimistic about the direction that inflation is heading but still worried about reaching their target of 2 percent annual inflation, according to the minutes of the bank’s latest meeting of its rate-setting committee, which were published Wednesday. “Almost all participants observed that slowing the pace of rate increases at the current juncture would allow for appropriate risk management as the Committee assessed the extent of further tightening,” the minutes say. At the beginning of this month, the Fed made its smallest rate increase since it started raising rates a year ago, lifting them by just a quarter of a percent. The Fed boosted rates by 0.25

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