That would force the Federal Reserve to raise interest rates, and push up government-borrowing costs. So far, though, there is little sign of that. Inflation is oddly soggy; the Fed cut rates three times last year.

Q. What does it mean by "oddly soggy?" Considering the sentence that follows that phrase, I think inflation hasn't gone up to hit the country badly yet. soggy...basically inflation isn't formed or hardened yet with the support of the Fed?

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