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Fed Eyes Rate Hike Amid Stubborn Inflation | San Antonio News
Fed officials are leaning toward another rate hike as inflation stubbornly resists cooling, with key indicators like PCE still heating up despite CPI’s slight drop. Concerns over tariffs and AI-driven tech investments are fueling fears of persistent price pressures, while volatile energy and food prices mask deeper inflationary trends. Market bets now favor a hold for now—with a possible December hike—though global events like rising gas prices could shift the outlook. Higher borrowing costs are already impacting mortgages and Treasury yields, prompting the Treasury to step in and buy back…
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