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US Fed’s Barkin: Inflation data ‘not supportive’ of case for rate cuts

By Inquirer - 8 months ago
WASHINGTON, United States — The recent uptick in US inflation has weakened the case for the Federal Reserve to start cutting interest rates, a senior Fed policymaker told AFP on Thursday. The Fed has lifted its benchmark lending rate to a 23-year high of between 5.25 percent and 5.50 percent as it looks to bring

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