Federal Reserve could raise its tone in the face of a spike in inflation

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Federal Reserve could raise its tone in the face of a spike in inflation

Washington. Higher rates and longer: Given the recent uptick in inflation in the United States, prudence should be the dominant note at the monetary policy meeting of the US Federal Reserve next week. Despite a moderation in economic activity in the United States in the first quarter, the FED should say “that its confidence in a lasting return to 2% inflation decreased”, according to Nancy Vanden Houten, economist at Oxford Economics. The FED sh…