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Sunday, 26 June 2016

U.S. price pause no excuse for more Fed activism

Dove’s delight

Inflation ebbed 0.1 pct in October after an ominous run-up earlier this year. That will bolster Fed doves like Chicago’s Evans who argue the country’s central bank should fire another burst of unconventional easing. But that is risky and is unlikely to pack much of a punch.

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