Federal Reserve likely to skip rate hike despite elevated inflation
The Fed, led by Chairman Kevin Warsh, wants to return inflation to its 2% target, which it typically does by raising its short-term interest rate. Higher borrowing costs, over time, can cool spending and slow inflation
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- World
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- Economy & RBI
- First reported by
- The Hindu
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- Wednesday, 28 October 2026, 11:02 am IST
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- One outlet so far
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