The Fed is preparing to raise rates. What if it doesn’t work? - CNN — SkimNews
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- The Federal Reserve is preparing to raise interest rates for the first time since 2023, per coverage from CNN, Reuters, and USA Today
- Global banks are coalescing around a Fed rate hike call after inflation surprises, with August data showing inflation persisted and potentially locking in a rate move
Why it matters: After holding rates steady since 2023, the Fed faces its first hike in years amid persistent August inflation. With global banks already aligned around the call, the Fed faces heightened pressure to validate that monetary tightening can tame sticky prices.
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