The Federal Reserve had hoped for a string of strong jobs reports showing a pace of 1 million monthly job gains.
Instead, the Fed received larger-than-expected readings on inflation.
For a central bank that has reiterated its higher bar for pulling its monetary stimulus, recent data points could test the resolve of policymakers with regard to its quantitative easing program.
Since the Fed’s last policy-setting meeting in May, several Fed officials voiced interest in taking the first step…
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