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U.S. Fed hikes rates in push for 'timelier' drop in inflation

Source: The Globe and Mail

Monetary PolicyInterest Rates & YieldsInflation

The Federal Reserve raised interest rates by 25bps as inflation remained above its 2% target. Chair Kevin Warsh signaled that additional increases in borrowing costs are likely in coming months, reinforcing a hawkish policy outlook that could pressure rate-sensitive assets and tighten financial conditions.

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