Photo: The Marriner S. Eccles Federal Reserve building in Washington, D.C. Photographer: Samuel Corum/Bloomberg The Marriner S. Eccles Federal Reserve building in Washington, D.C. Photographer: Samuel Corum/Bloomberg

Chair Jerome Powell said the Federal Reserve is not close to ending its anti-inflation campaign of interest-rate increases, as officials signaled borrowing costs will head higher than investors expect next year.

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