Fed urges patience as inflation lags


Policymakers at the US central bank are growing increasingly concerned about lagging inflation rates.
Many policymakers are worried that the slow pick-up in price increases may be due to long-term trends, not just short-term factors.

 They urged that "some patience" guide the Fed as it considers plans to raise interest rates.

 Many analysts expect the Federal Reserve to raise interest rates once more this year.

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