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International
International
Economy & businessUpdated

Federal Reserve likely to skip rate hike despite elevated inflation

From The Hindu ·
Headline from The Hindu
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Federal Reserve likely to skip rate hike despite elevated inflationPhoto: The Hindu

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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