Federal Reserve Offers Mixed Messages on Inflation

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By Kate Duguid­NEW YORK (Reuters) — Investors have been strug­gling to inter­pret sig­nals from the Fed­er­al Reserve about how hot it is will­ing to let infla­tion run before it begins unwind­ing pan­dem­ic-era mon­e­tary stimulus.Measures of mar­kets’ U.S. infla­tion expec­ta­tions hit mul­ti-year highs in mid-May, but fell after comments …

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