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Pictet WM: Rising inflation unlikely to ‘steer’ Fed’s policy trajectory

Pictet Wealth Management says rising inflation in the US is unlikely to ‘steer’ the Fed’s current monetary policy trajectory, signalling investors could expect a steady pace in the central bank’s rate hikes this year. “While core inflation should rise to the Fed’s target in the near term, we think the Fed is going to remain cool-headed about the inflation picture…

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