Fed Faces Inflation Conundrum

WSJ

The central bank is expected to keep interest rates steady at its policy meeting next week; some officials have started to voice concern about soft inflation.

ALSO SEE: The Fed Has Hit the ‘Pause’ Button

The Federal Reserve is likely to stand pat on policy when it concludes a two-day meeting next week, but it faces a debate about the future path of interest-rate increases because of a deepening puzzle over inflation.

Officials will likely leave short-term rates unchanged and wait until September before announcing plans to slowly shrink their...

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