Federal Reserve officials are reiterating that single data points will not sway the central bank’s patience on its easy money policies.
Inflation data on Wednesday morning showed consumer prices increasing at the fastest rates in over 10 years. But Fed Vice Chairman Richard Clarida said later in the morning that he was “surprised” by the reading but unmoved from a policy perspective.
“This is one data point, as was the labor market report,” Clarida said, referencing the
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