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Fed Raises Rates Amid Inflation Pressure | Lake Charles News
The Fed just raised interest rates for the first time in three years, aiming to crush stubborn inflation that’s squeezing wallets at the pump and grocery store—just as midterm elections loom. President Trump blasted the Fed as “hostile and political,” but Chair Kevin Warsh defended the move, citing a heating economy and global tensions like Iran’s unrest pushing up gas prices. With the next Fed meeting right before Election Day, markets are already betting on another hike by December, while global central banks follow suit. Warsh’s pivot from easing to tightening signals one thing: inflation…
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