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G.M. plans new electric models as it tries to catch up to Tesla and Ford.



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Federal Reserve officials suggested that they might withdraw support for the economy more quickly than policymakers had previously expected, minutes from their December meeting showed, as a moment of uncomfortably high inflation forces them to reorient their policy path.Central bankers projected last month that they would raise interest rates three times in 2022 as the economy healed and inflation remained above the Fed’s target. Economists and investors think that those increases could begin as soon as March, which is when the Fed is now expected to wrap up the large-scale bond buying program it has been using in tandem with low rates to stoke the economy.Fed officials pointed to a stronger outlook for economic growth and the lab …

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