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Weaker GDP data and higher inflation have muddled the picture

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The prescribed rate on loans to family members remains set at 1%

  • By: Staff
  • September 27, 2021 September 27, 2021
  • 15:15
Federal Reserve Building is the headquarter of the Federal Reserve System and 12 Federal Reserve Banks, Washington DC, USA

Inflation has surged as consumer spending and disrupted supply chains have created shortages

Federal reserve building, Washington DC. USA.

This week’s policy meeting could lay the groundwork for an announcement

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Some of the Fed's policymakers have argued that the bond purchases are driving up prices

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CIBC's top economist crunched the economic data

Federal reserve building, Washington DC. USA.

A number of Republicans have already criticized the Fed for not beginning to taper

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Ultra-low interest rates will stay in place until inflation “durably” reaches its 2% target

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Research suggests that temporarily overshooting inflation has economic benefits

Federal Reserve building in Washington DC, USA

The Fed chair signalled no imminent change to ultra-low interest rates