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Fed could 'rock the boat' with what it says about the stock market's worst fears: higher inflation and interest rates
With stocks reeling, the Fed's release of its January meeting minutes Wednesday could have even more impact than usual if they provide new insight on inflation or interest rates. The minutes could be a window into what new Fed Chair Jerome Powell might say when he testifies on the economy next week. Powell is appearing for the first time as chair before Congress on Feb. 28 for his semi-annual testimony on the economy. Fears of rising inflation are at the heart of what's ailing the stock market because it eats away at corporate profit margins and could force the Fed to raise interest rates even faster than it ... (full story)
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