FED OFFICIALS BARKIN, COLLINS AND SCHMID SAID A STABLE LABOR MARKET ALLOWS THE FED TO KEEP ITS FOCUS ON PERSISTENTLY HIGH INFLATION, WITH ALL THREE SUPPORTING THE SEPTEMBER RATE HIKE TO 3.75%-4%. THE OFFICIALS DECLINED TO SIGNAL FUTURE RATE MOVES, CITING THE NEED TO AVOID FORWARD GUIDANCE, AS INFLATION REMAINS ABOVE THE FED’S 2% TARGET.
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