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The Economic Times

Global Business / The Economic Times

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Inflation clouds Fed decision despite hold expectations

The US Federal Reserve is expected to maintain current interest rates on Wednesday. Analysts anticipate some policymakers may dissent, advocating for a rate increase. Surging inflation, fueled by President Donald Trump's actions, is a significant concern for many. Policymakers worry about inflation expectations becoming unmoored from the two percent target. The central bank aims to prevent a repeat of past inflation episodes.

29 Jul 2026 9:52 am