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Fed Hike Looms Amid Stubborn Inflation | Monroe Louisiana News
Inflation stubbornly clings to 3.4% despite a flat CPI, forcing the Fed to consider a likely rate hike next week as pressure mounts from a resilient job market and surging gas prices. With 87% odds of a quarter-point increase, economists argue the Fed’s been too slow to act, while the White House defends its policies—highlighting drops in beef and drugs—despite global conflicts driving up fuel costs. Core inflation’s cooling may tempt patience, but the Fed’s priority remains price stability, leaving investors to wonder if this is a one-time move or the start of more hikes later this year…
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