Federal Reserve officials are increasingly concerned that low inflation may be more persistent than "transitory," and that could slow the pace of interest rate hikes. A flat yield curve, where long-term interest rates are unusually close to short-term rates, is a bad sign for the economy and is also a reason for Fed officials not to raise rates further. The Fed's forecasts still point to three interest-rate increases this year, but doubts from investors could lead to market turbulence later...

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