Trump set to explode if his man does his job

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Share A A A “Fed Week” has started with a bang, with the world’s benchmark interest rate breaking through a key threshold and oil prices surging solidly above $US100 ($140) a barrel again.

When the members of the Federal Reserve Board’s Open Market Committee, which begins its two-day meeting on Monday afternoon (Washington time), sit down to decide whether to lift their policy rate, they’ll also have to factor in the hotter-than-expected inflation data from late last week.