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Fed Signals Rate Hike Amid Inflation Fears | Raleigh News
Federal Reserve Chair Kevin Warsh dropped a bold warning at Jackson Hole: inflation’s not cooling as hoped, with gas prices down but core numbers stubbornly high—putting pressure on the Fed to hike rates in September, just before the next inflation report. While his message got nods from peers, it’s a risky move—raising rates could backfire if they don’t follow through, risking credibility. Yet longer-term rates stayed steady, as investors remain confident the Fed will eventually tame inflation. Meanwhile, AI’s potential as an economic game-changer sparked debate—Warsh called it a “hinge…
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