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The Federal Reserve faces a difficult decision following the latest inflation numbers: whether to raise interest rates to curb inflation but risk slowing the economy, or to hold rates steady and risk allowing inflation to become more persistent.
Justin Wolfers described the situation as a 'coin toss' regarding what the Federal Reserve will choose to do next.
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Wolfers has recently commented on market volatility in other sectors. He noted that diesel futures briefly declined after President Donald Trump announced a European oil release. In a separate post, Wolfers observed that towns losing their newspapers see local governments pay higher interest rates on borrowing.