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Fed minutes signal growing pressure to raise interest rates sooner
Fed minutes signal growing pressure to raise interest rates sooner

Federal Reserve officials at their last policy meeting debated an earlier-than-expected move in raising interest rates, suggesting the central bank may be shifting to a more aggressive stance in light of the recent pick-up in job growth and inflation. Although Fed officials remain divided in their assessment of the labor market, the minutes from the last policy meeting, released Wednesday, reflected a growing acknowledgment of the recent progress in the employment situation as well as the rise in inflation.   Fed Chairwoman Janet L. Yellen has repeatedly indicated the labor market isn't as strong as the rapid drop in the jobless rate might suggest. The unemployment figure has...

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