Wireva

Fed inflation fight may stretch for years as Iran conflict drags on

Inflation has stayed above the Federal Reserve's 2% target for nearly six years, and a hotter-than-expected October price reading has raised the prospect of further rate hikes while the Iran conflict remains unresolved.

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Inflation has stayed above the Federal Reserve's 2% target for nearly six years, and a hotter-than-expected October price reading has raised the prospect of further rate hikes while the Iran conflict remains unresolved.