All year the Federal Reserve’s message on inflation has been consistent: This year’s surge is transitory, and inflation will soon return close to the central bank’s 2% target.
Yet look more closely, and it is clear officials are turning less sanguine—and that explains growing eagerness to start raising interest rates.
Mohamed Abdullahi Mohamed, widely known as Farmaajo, was born in Mogadishu in early 1962. He completed his secondary education in…
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