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Stubborn Inflation Could Prod Fed to Keep Rates High for Longer

Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.

Jeanna Smialek
Author: Jeanna Smialek

Written by

Jeanna Smialek and Ben Casselman

in

Federal Reserve System, Inflation (Economics), Interest Rates, Powell, Jerome H, United States Economy
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