Officials look for signs that wages and prices are cooling even as spending, jobs remain robust
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https://www.wsj.com/economy/central-banking/does-strong-growth-fuel-inflation-fed-debates-whether-old-model-still-applies-a9e3cdbcraised interest rates in July , the economy is doing two things that central bankers don’t think it can sustain much longer: revving up activity and at the same time slowing inflation.
It has set off a debate within the central bank about how closely it should follow its traditional models of the economy. The debate is unlikely to affect the outcome of its meeting next week, when the Fed is set to hold interest rates steady to provide more time to see theThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.
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