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Inflation Spikes, Cut in Jeopardy

Fed may have hands tied, as CPI soars past expectations

By Kevin Spak,  Newser Staff

Posted Feb 20, 2008 9:04 AM CST

(Newser) – Core inflation bounded ahead of expectations in January, which is bad news for anyone betting on a big rate cut from the Fed–and for the Fed itself. The consumer price index rose 0.4%, with core CPI rising 0.3%, putting the year-over-year figures...   Read full story »

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