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Fed Holds Rates Amid Inflation Puzzle | Orlando News
Description
The Fed held steady at 3.6% interest rates for the fifth straight meeting, sparking debate as three members pushed for a quarter-point hike amid stubborn inflation and rising energy prices tied to Middle East tensions. Chair Kevin Warsh called the internal discussion a “good family fight,” highlighting deep分歧 among officials from Cleveland, Minneapolis, and Dallas who feel pressure to act. Wall Street still expects a September rate hike, as the Fed waits for key data, especially the PCE index. With global uncertainty mounting, the central bank walks a tightrope between curbing inflation and preserving financial stability.
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