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Investors batten down for Fed, UK price jump pressures BoE

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By Huw Jones LONDON (Reuters) – Investors pressed pause on Wednesday to see what the Federal Reserve will do to dampen inflation, while a leap in prices to a 10-year high in Britain piled pressure on the Bank of England to act on Thursday. Omicron, however, remains a wild card in the equation with the full impact of the new coronavirus variant as yet unclear, analysts said. The MSCI global stock index was flat at 735.13 points, just over 3% below a lifetime high last month. At 1900 GMT the Fed is expected to announce that it is speeding up the end of its pandemic-era bond purchases and signal …

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