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Fed Hesitates on Rate Hike Amid Cooling Inflation | US News
The Fed’s dilemma deepens as inflation cools, sparking debate over whether to hike rates—or hold steady. With inflation still far above target and wages slipping when adjusted for prices, officials like Richmond’s Thomas Barkin argue current rates may be enough. But the fear remains: letting inflation linger could cement expectations that prices will keep rising, locking in higher costs down the road. President Trump’s push for lower rates adds political pressure, while mixed data—flat producer prices, barely budging consumer prices—could tip the balance toward pause. The Fed must walk a…
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