Further Fed hikes expected after data dashes 'disinflation' hopes
Expectations that the U.S. Federal Reserve will need to push interest rates higher and keep them elevated longer than previously projected rose on Friday after data showed a key inflation gauge accelerated last month.
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### Instruction: Further Fed hikes expected after data dashes 'disinflation' hopes

### Response: Expectations that the U.S. Federal Reserve will need to push interest rates higher and keep them elevated longer than previously projected rose on Friday after data showed a key inflation gauge accelerated last month.