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Inflation now guiding light for Fed in rate-rise path

The Fed has missed its 2% inflation target for over 3 years as slumping oil and commodities and a stronger US dollar have kept a lid on prices.


US Federal Reserve policy makers dwelled on inflation performance at their December meeting, minutes of the gathering showed, in a sign price pressures will play a larger role in setting the pace of interest rate increases this year.

"The Fed's focus is now really on...