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"Inflation is hard to ignore," Fitch's chief...>

FOMC
FOMC: "Inflation is hard to ignore," Fitch's chief economist, Brian Coulton
said. "The new statement recognizes the recent rise in inflation and the strong
recovery in business investment, but the main change is dropping the previous
reference to 'monitoring inflation closely'. This had been there as a reference
to earlier concerns about low core inflation, but these are now diminishing
quite swiftly - core PCE inflation (exc. food and energy) reached 2.5% on a
three month annualized basis in March - the highest rate since June 2011."

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