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Fed Signals Rate Hike Amid Inflation Fears | San Antonio News
Fed Chair Kevin Warsh signaled a possible rate hike at Jackson Hole, warning that inflation remains stubborn despite some cooling, putting pressure on policymakers ahead of their September meeting. While many economists backed his view, critics warned of a credibility risk if the Fed doesn’t follow through. With elections looming, political fallout looms — especially if the President takes issue with tightening policy. Yet, mortgage rates may not spike much, as long-term yields stayed flat, suggesting markets trust the Fed’s ability to tame inflation without crushing borrowing. Meanwhile…
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