Fed eyes quickening inflation as economic indicators rise

The U.S. index of leading economic indicators rose again in April, and March data were revised to reflect a .08% rise in the index, more than double an earlier estimate. Meanwhile, a rapid rise in the prices of some products may mean the Federal Reserve will revisit its policy of slow, steady increases in interest rates as it seeks to keep down inflation. "Odds of the Fed moving from a measured pace of tightening to a more-aggressive pace by late this year or early next are rising," said a Deutsche Bank economist.

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