The Fed held firm on interest rates despite persistent inflation above their 2% target — a sign that new Chair Kevin Warsh is serious about taming prices. While Wall Street expected no hike this week, bets are now shifting toward September. Inflation, fueled by post-pandemic demand, global tensions, tariffs, and even AI growth, remains stubborn — even as some prices like gas and rent dip. The Fed’s decisions directly impact your wallet: higher rates mean steeper mortgage, car loan, and credit card payments. The balancing act continues.
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