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Federal Reserve likely to skip rate hike despite elevated inflation

Federal Reserve likely to skip rate hike despite elevated inflation
Photo: Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) · view original

WASHINGTON (AP) — The Federal Reserve is expected to stand pat on interest rates Wednesday even though inflation has accelerated in the past couple of months as the Iran war has caused spikes in oil and gas prices. The Fed's latest policy meeting concludes less than a week before the midterm elec...

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