But what business managers, policymakers, investors and economists want to know is this: How cool would be cool enough for the inflation fighters at the Federal Reserve to begin to ease their aggressive interest rate hikes? The Fed is engaged in an epic battle to rein in inflation, which was running at a 40- year high in June and has eased only slightly since.
Consistently falling prices alongside a stronger-than-expected fourth-quarter gross domestic product and next week's anticipated less aggressive interest rate hike from the Federal Reserve are changing economists' tune and renewing hopes about the overall health of the economy. The day before, data came down showing that the U.S. economy grew at an…
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