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April 21, 2004

All Business: Fed mum on inflation, but prices on the rise

  • Fed officials may have to let Wall Street know soon that it is aware of the problem and what it plans to do about it -- that is, raise interest rates.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK -- Federal Reserve officials keep talking about how inflation isn't a threat. But if you're buying a cup of coffee or shopping for new clothes, you might see things differently.

    Prices for most goods and services aren't going through the roof by any means. Still, new data suggests that the outlook for inflation is changing, with more prices going up across more sectors.


     
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