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Economists Speculate on Fed’s Monetary Policy Following CPI Report

Core inflation continued to be benign in May, rising 0.2% in the month and 2.3% in the year, but the Fed will likely put more focus on total inflation as that figure came in higher than anticipated, economists said on Friday after the CPI report.

TD Securities expects "continued hawkishness on inflation by Federal Reserve officials, which suggests that the Fed is...