Eleven officials saw at least two hikes by the end of that year....
The US unemployment rate was still elevated at 5.8% in May, with total employment still millions of jobs below pre-pandemic levels. Consumer-price pressures, on the other hand, have proven hotter than expected....
Labor Department figures showed a 0.8% jump in prices in April and a 0.6% rise in May, marking the two biggest monthly increases since 2009....
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2021-06-22 00:00:00.0