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Opinion News

The Economic Times

Opinion / The Economic Times

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Kevin Warsh-led Federal Reserve starts US war on inflation

The US Federal Reserve increased interest rates, signaling a global effort to control rising inflation. Other central banks will likely follow the Fed's lead in this concerted action. Higher global rates and trade friction will impact India's economy and markets. The Indian rupee faces pressure from a strengthening US dollar. Domestic consumption offers some buffer, but inflation concerns persist.

17 Sep 2026 11:09 pm