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Fed Hesitates as Inflation Rises | Texas News
The Fed is in a tight spot as inflation fears resurge, pushing markets to bet on a surprise rate hike—despite expectations of holding steady. With oil prices climbing and new Chair Kevin Warsh staying silent, dissenting voices within the Fed are stepping forward, while the White House quietly pressures for lower rates. A 50-50 split among policymakers reveals deep uncertainty, and markets are now pricing in a September hike, signaling that inflation may be tougher to tame than thought. The Fed’s dilemma has shifted from whether rates are too high to whether another hike is now unavoidable…
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