US Federal Reserve Delays Rate Cuts as Inflation Persists
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#f9660aca ver:0.47

The US Federal Reserve is delaying rate cuts as inflation persists, with only one rate cut expected in November. The Fed aims to bring inflation under control before considering further cuts. Some officials believe that higher borrowing costs aren't having as much impact as expected, while others express concerns about upside risks to inflation. Prominent investor Kevin O'Leary predicts no more rate cuts this year. The Fed's decision on rates will be based on economic conditions and inflation outlook. The housing market remains resilient, contributing to sticky inflation. The Biden administration supports an independent Fed. The Fed's high borrowing costs aim to control inflation, but carry risks of a downturn. A balanced approach to inflation and economic policy is needed....

#newstr #Inflation #FederalReserve #InterestRates #Economy #HousingMarket 

 https://here.news/story/f9660aca?ver=0.47