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Jul 7
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 To continue: Wage improvement is good for workers but a rapid and sustained acceleration can ignite inflation. "Inflation is still on the Fed's mind in a big way and this is liable to make it stay there," said Bill Cheney, economist at John Hancock Financial Services. To fend off inflation, the Fed bumped up interest rates last week to 5.25 percent, the highest in more than five years. Know more about GoodRecruits.com. |
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