The too-hot-for-comfort economy — SkimNews
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- U.S. economic data from the Bureau of Labor Statistics this week points to a "rip-roaring" economy accompanied by inflationary pressures, according to the source.
- Warsh and the Federal Reserve face a difficult policy dilemma, as top Fed officials have signaled patience despite the inflationary signals in the data.
Why it matters: A hot economy with sticky inflation narrows the Fed's room to cut rates — patient officials face a tougher case for easing if price pressures keep building, keeping borrowing costs elevated for consumers and businesses.
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