Federal Reserve rate hike reflects new world of sticky inflation and faster growth

The economy is growing steadily despite being hit with repeated shocks — and may even be accelerating — while inflation remains stubbornly high.
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At the United Nations on Tuesday and in meetings with China’s Xi Jinping on Thursday, the president will largely stand alone.
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As nightmare thought experiments shape the fight over how to govern a multitrillion-dollar industry, some experts say the parables may lead decision-makers astray.
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Advice from Judith Martin, Nicholas Ivor Martin and Jacobina Martin.