Economy · FinanceOngoing · 3
Federal Reserve likely to skip rate hike despite elevated inflation
The Hindu
Published 28 Oct 2026, 4:32 pm·57 min ago·1 min read
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The Fed, led by Chairman Kevin Warsh, wants to return inflation to its 2% target, which it typically does by raising its short-term interest rate. Higher borrowing costs, over time, can cool spending and slow inflation
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